Newcastle for Intermediaries has reduced rates across its 95% loan-to-value (LTV) mortgage range, cutting pricing by up to 0.15% and introducing a series of enhancements aimed at supporting first-time buyers and those with smaller deposits.
The refreshed product line includes new two and five-year fixed-rate deals at 95% LTV, with no product fees, a free standard valuation, and £200 cashback on selected products. These features are intended to ease the financial burden of moving home, particularly for those new to the housing market.
As part of the update, Newcastle has also responded to broker feedback by accelerating the cashback timeline. Previously paid within 14 days of completion, the cashback will now be issued within five days – a move the lender says will help customers access essential funds more quickly during the moving process.
The product changes follow the building society’s recent adjustment to both short and long-term residential stress rates, which came into effect on 14 August.
Michelle Ash, national account manager at Newcastle Building Society, said the revisions were a direct response to current market dynamics and the needs of brokers and their clients.
“These changes reflect the evolving market conditions and our commitment to supporting first-time buyers and those needing a higher LTV product,” she said.
“We’ve priced the range to be competitive for intermediaries working with clients who need 95% LTV, and the faster cashback payment is a practical change that will make a real difference at completion.”
