Newcastle Intermediaries has reduced the rates on its product transfer range.

The preferential rates include a two-year fixed rate at 4.99% up to 60% loan-to-value (LTV) that comes with early repayment charges of 2% until 2024 and 1% until 2025.

The two-year fixed rate comes with no product fees and up to 10% overpayments per annum.

In addition, there is a two-year fixed rate at 4.79% up to 60% LTV that comes with early repayment charges of 2% until 2024 and 1% until 2025 

The two-year fixed rate comes with a £999 product fee and offers up to 10% overpayments per annum.

Newcastle Building Society head of intermediary mortgages Franco Di Pietro says: “We are deeply committed to fostering long-term relationships with our broker partners, not just transient interactions, that’s why we’re continually striving to enhance our proposition, with a product range that delivers value for both new and existing customers.”

“We believe in rewarding our existing customers by offering them preferential rates, so to acknowledge this loyalty and say thank you, we’re reducing rates for existing customers looking to product transfer with us.”