Newcastle for Intermediaries has announced rate reductions of up to 0.30% across its residential mortgage range, alongside a refreshed line-up of products designed to give brokers and borrowers greater flexibility.
The new range includes two, three and five-year fixed-rate products with loan-to-value ratios of up to 95%. Fee-assisted options, including free legal fees on selected products, have been retained to help manage upfront costs. The lender has also launched new exclusive buy-to-let products to support existing BTL customers reaching maturity.
Among the reduced residential rates is a two-year fixed-rate at 4.50% (6.30% APRC) up to 80% LTV for new customers – a 0.20% cut from the previous rate. Existing customers coming to maturity can also access a new five-year fixed-rate at 4.35% (5.60% APRC) up to 70% LTV, a 0.30% reduction. Both products are available with no fees.
Francesco Di Pietro, head of intermediary mortgages at Newcastle Building Society, said: “We’re committed to giving brokers and their clients more choice and flexibility, particularly at a time when many are reassessing their options. By reducing rates and broadening our product range, we’re making it easier for intermediaries to match customers with products that suit their individual circumstances. Supporting brokers remains central to our approach so that they can deliver good outcomes for their clients.”
