Newcastle Intermediaries has launched a range of three and five-year fixed rate 95% LTV products, which it says offers borrowers greater flexibility.

The range includes a three-year fixed-rate loan at 3.06% – 3.8% annual percentage rate of charge – with early repayment charges of 3% until 31 August 2023, 2% until 31 August 2024 and 1% until 31 August 2025.

And a five-year fixed-rate offer at 3.09% – 3.7% annual percentage rate of charge – is available with an early repayment charge of 5% until 31 August 2023, 4% until 31 August 2024, 3% until 31 August 2025, 2% until 31 August 2026 and 1% until 31 August 2027.

An overpayment of 10% each year is permitted to offer clients greater flexibility. Both products come with £500 cashback and offer free standard valuation up to £500,000.

Newcastle Building Society head of intermediary mortgages Franco Di Pietro says: “We’re always listening to broker feedback and looking for ways to increase support for clients.

“For low deposit borrowers especially we recognise needs are evolving so we’re really pleased to introduce new three and five-year fixed rate options to give brokers additional options, backed by our flexible approach to underwriting.”