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Loans to Newcastle

Newcastle Building Society is to carry out mortgage processing, packaging and underwriting duties for High Street Home Loans.

The deal has already resulted in four new recruits for Newcastle, and the company expects this number to rise.

General manager Colin Greaves anticipates that the new partnership will process up to £150 million of mortgage balances.

Newcastle recently also formed an alliance with specialist lender Solent Mortgage Services, giving its branch network access to SMS’s range of loans for clients falling outside its own lending criteria.

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