Newcastle Intermediaries has increased the maximum LTV on its joint mortgage sole proprietor (JMSP) from 80% LTV to 95% LTV.

As well as this, the lender has added a number of new two- and five-year products to its JMSP suite.

These mortgages, plus the 95% LTV product, will be available from Friday 18 June with rates starting at 2.95%.

The mortgages are aimed at first-time buyers, homemovers and those looking to remortgage.

The maximum age for applicants is 80 years old at the end of the term and affordability will be worked out based on the combined income of the occupying and non-occupying borrower.

Loans against properties with a value of up to £500,000 will benefit from free standard valuation.