Newcastle Intermediaries has revamped its 80% loan-to-value mortgage range, which includes rate cuts of 0.10% on selected products.

The mutual’s broker-only arm offers a two-year deal at 1.45% (3.6% APRC), a 2.51% discount from the lender’s standard variable rate, with a £999 product fee. Early repayment charges at 1% apply until 31 January 2024.

A two-year fixed-rate fee-assisted product is also available at 2.35% (3.7% APRC), with no product fees, free standard valuation on properties of up to £500,000, and £500 cashback. Early repayment charges of 2% until 31 January 2023 and 1% until 31 January 2024 apply.

It adds both products are available at up to 80% LTV, allow 10% overpayment per year on top of £499 of regular monthly overpayments already permitted.

Newcastle Building Society head of intermediary mortgages John Truswell says: “We’re seeing a downward trend in rates across all LTVs due to a number of factors, including a reduction in market activity with the closure of the stamp duty land tax window in June and a tightening of housing supply.

“So to better support borrowers in an ever-changing market, we’re refreshing our 80% range to give brokers and their clients more choice and some really competitive options to suit their needs.”