Newcastle Intermediaries has reduced rates by up to 29 basis points across its 85 per cent LTV range.

This move includes the two-year fix with £999 fee having its rate cut from 2.95 per cent to 2.75 per cent.

The zero-fee version of the two-year fix, meanwhile, has received the headline 0.29 per cent rate cut, going from 3.14 per cent to 2.85 per cent.

Both products feature an early repayment charge of 2 per cent until June 2022, which thereafter drops to 1 per cent. As well as they, they include a free standard valuation and permit 10 per cent overpayments per annum.

Newcastle Building Society head of intermediary mortgages John Truswell says: “With continued strong demand in the market for higher LTV products, we’re pleased to introduce the competitive rates on both our two and five-year fixed rates which are now available to help a variety of borrowers.”