Newcastle Intermediaries launches new 95% LTV range

The new range includes a three-year fixed rate at 3.06% and a a five-year fixed rate at 3.09%.

Overpayment of 10% each year is permitted to offer clients greater flexibility and both products come with £500 cashback and offer free standard valuation up to £500,000.

Franco Di Pietro, head of intermediary mortgages at Newcastle Building Society, said: “We’re always listening to broker feedback and looking for ways to increase support for clients. For low deposit borrowers especially we recognise needs are evolving so we’re really pleased to introduce new three and five-year fixed rate options to give brokers additional options, backed by our flexible approach to underwriting.”

Last month, Newcastle reintroduced a range of mortgages exclusively for self-employed applicants with just one year of full accounts.