Newcastle cuts two-year residential rates amid demand for shorter fixes

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Newcastle for Intermediaries has cut rates across its two-year residential range for both purchases and remortgages.

The lender has reduced pricing by up to 0.20% on its two-year fixed products, with options available up to 95% LTV.

The range includes fee-assisted choices intended to help borrowers manage upfront costs at a time when affordability remains under pressure.

Francesco Di Pietro (pictured), head of intermediary mortgages at Newcastle Building Society, said: “Brokers are telling us clients need straight-forward, reliably priced two-year options as they make decisions in a fast-moving market.

“By reducing rates across this range and keeping products available at higher LTVs, we’re giving brokers the tools to place more clients with confidence, whether they’re first-time buyers, home-movers or existing customers looking to remortgage.”

The updated products are available through intermediary, branch, direct and online channels.

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