Newcastle Intermediaries has cut rates by up to 0.25% on its two and five-year fee-assisted 90% and 95% LTV mortgages.

A two-year fix at 3.55% (4.0% APRC) up to 95% LTV has seen a rate reduction of 0.25%. It comes with an early repayment charge of 2% until 30.11.2022 and 1% until 30.11.2023.

A five-year fix at 3.79% (4.0% APRC) also up to 95% LTV has had a rate cut of 0.10% . It comes with an early repayment charge of 5% until 30.11.2022, 4% until 30.11.2023, 3% until 30.11.2024, 2% until 30.11.2025 and 1% until 30.11.2026.

The products reduced in the move all come with no product fees to pay, include free standard valuation on properties of up to £500,000 and offer £250 cashback. Overpayments of 10% per year are permitted in addition to the £499 regular monthly overpayments already permitted.

Newcastle head of intermediary mortgages John Truswell says: “The market continues to be very competitive in the higher LTV space and we’re seeing increased consumer confidence as demand continues to build. We’re pleased to be able to reduce rates across the higher LTV range to provide more options for brokers and their clients, along with several incentives and added flexibility.”