Newcastle Intermediaries has introduced a range of 85 per cent LTV mortgages.

Rates start at 2.85 per cent with no product fees on selected products.

The products are available to first-time buyers, home movers and remortgage customers. A two-year fix at 2.85 per cent (5.3 per cent APRC) is available at a max LTV of 85 per cent and has a product fee of £999. A 2 per cent early repayment charge until 31 January 2022 and 1 per cent until 31 January 2023 applies.

The newly launched range offers a free standard valuation on properties up to £500,000 and allows 10 per cent overpayments per annum.

Alternatively, a fee-assisted two-year fix is available at 2.99 per cent (5.2 per cent APRC) at a max LTV of 85 per cent and comes with no reservation or completion fees to pay. A 2 per cent early repayment charge until 31 January 2022 and 1 per cent until 31 January 2023 applies.

Newcastle Building Society head of intermediary mortgages John Truswell says: “We’re pleased to be extending our current offering to 85 per cent LTV and increasing our support across the market for first time buyers, home movers and existing home owners looking to re-mortgage. We pride ourselves on our customer service and brokers can be assured their clients will receive the highest levels of service for mortgage applications and processing.”