Newcastle Intermediaries has issued a series of new mortgage products.

The lender now offers an 80 per cent LTV two-year fixed discount with an initial rate of 1.79 per cent and comes with a £999 fee.

It has also launched an 80 per cent LTV two-year fixed discount with an initial fee of 2.35 per cent.

This product comes with a free standard valuation on properties of up to £500,000 and asks for no product fees.

A lower standard variable rate, announced in mid-November, comes into effect today, Newcastle adds.

Newcastle head of intermediary mortgages John Truswell says: “The reduction in our residential SVR supports borrowers currently on SVR or an SVR-linked product, and so, we’re delighted to introduce this new range of discounted variable rate products to provide customers with more options at competitive rates.”