Newcastle Intermediaries has launched a range of base rate tracker products.  

The mutual’s new range of two-year BRT products come with fee-assisted options, no early repayment charges, and “provide greater choice and flexibility to brokers and their clients who want the flexibility to manage a change in mortgage needs in the short term”.  

Newcastle Building Society head of intermediary mortgages Franco Di Pietro adds: “We understand that in this fast-moving market borrowing requirements can change quickly.   

“Following feedback from our broker partners, we’re launching a range of products that enable borrowers to switch products without the penalty of an early repayment charge.”  

The move comes after the lender reduced rates by up to 65 basis points across its range of residential mortgages last week.