Newcastle Intermediaries cuts buy-to-let rates by up to 0.46%

Newcastle Intermediaries has reduced rates across its buy-to-let range by up to 0.46%.

A two-year fixed rate is now available at 6.15% up to 80% LTV with a £999 product fee.

Also available is a five-year fixed rate at 5.99% up to 80% LTV with no product fees.

Newcastle Intermediaries’ buy-to-let proposition is available to sole trader landlords only, has no minimum income or maximum age, and both products offer 10% overpayments and are available for both house purchase and remortgage.

Franco Di Pietro, head of intermediary mortgages at Newcastle Building Society, said: “In response to an increasingly competitive market and the wider reduction in rates that we’re starting to see we’re delighted to reduce rates on our buy-to-let product range.

“As a lender we understand that affordability challenges are still prevalent and so it’s important that we pass on these reductions to our broker partners and their clients, offering not only greater choice and flexibility, but competitive rates, underpinned by our adaptable, nuanced approach to underwriting.”