Newcastle for Intermediaries cuts mortgage rates by up to 0.30%

Newcastle for Intermediaries has announced rate reductions of up to 0.30% across its residential mortgage range.

The refreshed product range includes two, three and five-year products, with LTVs up to 95%.

Included in the lender’s reduced residential rates is a fee-free two-year fixed rate for new customers at 4.50%, down by 20bps. 

Also available is a five-year fixed rate for existing customers, down by 30bps to 4.35% at 70% LTV with no fee.

The range now also includes exclusive buy-to-let products to support existing customers coming up to maturity.

Francesco Di Pietro, head of intermediary mortgages and 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.”