MCI Club has announced the addition of Newcastle Intermediaries to its lender panel.

As the intermediary arm of Newcastle Building Society, Newcastle Intermediaries offers residential and buy-to-let products and lends across England, Scotland and Wales.

The lender’s products include LTVs up to 85%, joint mortgage sole proprietor as well as self and custom build offerings.

Newcastle Intermediaries has also developed an online product transfer tool for brokers to transfer their customers to a new deal and earn a 0.2%procuration fee.

Head of MCI Mortgage Club, Melanie Spencer, commented: “Newcastle Intermediaries is a very welcome addition to our club and we look forward to working with the team. It offers good products for our club members to access that include free valuations on properties up to £500,000. All our members can choose a flexible package with us that can be tailored to each firm.”

Newcastle Building Society head of intermediary mortgages, John Truswell, added: “We’re committed to the continued growth of our distribution footprint within the intermediary channel so we’re delighted to join MCI Mortgage club’s lending panel.

“MCI Club offers members unique benefits and we know they have a loyal base of firms and brokers that we’re really looking forward to working with.

“We’re proud to offer a range of products to suit a variety of customer needs and know brokers will appreciate Newcastle Building Society’s bespoke manual underwriting service and our ability to assess customer’s complex needs on an individual basis.”

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