Newcastle Intermediaries has introduced two new base rate tracker products, available for house purchase and remortgage.

A product tracking at 0.20% above base rate (current pay rate 4.20%) is available up to 70% loan-to-value (LTV) and comes with a £999 product fee.

There is also a 70% LTV product tracking at 0.50% above base rate (current pay rate 4.50%). This comes with no product fees, free base legal fees (re-mortgage only) or £250 cashback, and a free standard valuation on properties up to £500k.

Both products in the range offer up to 10% overpayments per annum and are available for loans up to £1.5m.

In addition, they come with a 1% early repayment charge until 31 August 2025.

Newcastle Building Society head of intermediary mortgages Franco Di Pietro says: “We’re committed to giving brokers as many options as possible to support their clients and, amid a changing base rate environment, these products look to provide an option for those customers looking for flexibility.”