Newcastle Intermediaries has revamped its range of 95% LTV mortgages, with rate cuts on its two-year deals.

The range includes a two-year deal, with no product set up fees at a rate of 3.99%. This product also includes a free standard valuation, 10% overpayments per annum and £500 cashback.

For remortgages, customers have the option of either cashback or free legal fees providing choice based on their needs and circumstances.

Alternatively, a lower two-year fixed rate of 3.40% is available with 10% overpayments per annum with a reservation fee of £199 (payable upfront) and a completion fee of £299.

Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “We’re committed to supporting more first time buyers get a foothold on the property ladder and I’m pleased we can offer a reduction in our rates to help them do that.

“These products are designed for borrowers who have a small deposit and are looking for a competitive deal.”