Newcastle Intermediaries has added a new buy-to-let range, with rates from 2.46 per cent.

The new range includes ‘fees-assisted’ products, meaning customers don’t pay a reservation or completion fee and a free standard valuation on properties up to £500,000.

A fee-assisted two-year fix at 2.46 per cent is available up to 75 per cent LTV, with a 2 per cent early repayment charge until 31 March 2022 and a 1 per cent ERC until 31 March 2023.

There is also a fee-assisted five-year fix at 2.70 per cent up to 75 per cent LTV. ERCs apply to this deal at 5 per cent until 31 March 2022, 4 per cent until 31 March 2023, 3 per cent until 31 March 2024, 2 per cent early until 31 March 2025 and 1 per cent until 31 March 2026.

Overpayments of 10 per cent per year are allowed and the interest coverage ratio is 145 per cent at a rate of 4 per cent for product terms of five years or more.

Newcastle Building Society head of intermediary mortgages John Truswell says: “The buy-to-let market remains robust even in the current climate. The stamp duty holiday is playing a part in the high demand we’re seeing in the market and we expect that will continue through to Q1 2021.

“We’re pleased to launch a range of competitive buy-to-let products all of which are underpinned by our manual underwriting approach and focus on support for our brokers and their clients’ needs.”