Newcastle for Intermediaries has introduced a new range of three-year fixed rate products.

It said they were being launched to meet growing demand from customers for medium-term repayment certainty.

Two new three-year fixed rate products are available at up to 80% LTV for purchases and re-mortgages.

As well as a three-year fixed rate of 4.90% with a product fee of £999 (APRC 6.6%), a fee-assisted three-year fix of 5.10% is also available, which comes with no product fee and a free standard residential valuation (APRC 6.6%).

Both products have early repayment charges of 3% until 31/07/26, 2% until 31/07/27 and 1% until 31/07/28.

Franco Di Pietro, head of intermediary mortgages at Newcastle Building Society, said: “In response to broker feedback and customer demand for medium-term repayment certainty, we’re pleased to launch a new range of three-year fixed rates.

“This provides customers with a competitive option for those looking for choice in an uncertain market.

“The fee-assisted product gives a further option for brokers and their clients, while our flexible approach to lending and overall proposition supports a range of borrowers and their circumstances.”