Newcastle Intermediaries has cut selected purchase and remortgage rates for landlords by up to 46 basis points.  

The broker-only arm of Newcastle Building Society says highlights of its reductions include a two-year fixed-rate deal at 6.15% (7.0% APRC) up to 80% loan to value, with a £999 product fee.   

This carries early repayment charges of 2% until 31 March 2025 and 1% until 31 March 2026.  

It also offers a five-year fixed-rate loan at 5.99% (6.7% APRC) up to 80% LTV, with no product fees.   

This carries early repayment charges of 5% until 31 March 2025, 4% until 31 March 2026, 3% until 31 March 2027, 2% until 31 March 2028 and 1% until 31 March 2029.  

The lender says these deals are available to sole trader landlords only, have no minimum income or maximum age, both products offer 10% overpayments and are available for house purchase and remortgage.  

Newcastle Building head of intermediary mortgages Franco Di Pietro says: “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.”