Newcastle Intermediaries has reduced rates by up to 0.39% across its existing 80% loan-to-value (LTV) product range.

The lender has also reintroduced a range of products at 60% LTV, including its re-mortgage exclusives and base rate trackers. 

The updated range includes a re-mortgage two-year fixed rate at 5.49% up to 60% LTV, with early repayment charges of 2% in 2024 and 1% until 2025.

The product comes with no product fees, free base legal fees, a free standard valuation and up to 10% overpayments per annum.

A two-year base rate tracker will also be available at 3.55% up to 60% LTV, with early repayment charges of 1% until 2025.

The base rate tracker has a product fee of £999 and offers up to 10% overpayments per annum.

Newcastle Building Society head of intermediary mortgages Franco Di Pietro says: “As significant numbers of homeowners look to re-mortgage or switch in the coming year, we recognise the importance of responding to the changing requirements of the market and believe our new re-mortgage rates provide the ideal option for those coming to the end of their existing mortgage term.”

“We’re pleased to announce we’ll be lowering rates across our existing 80% LTV range and re-introducing a range of 60% LTV products.”