Newcastle for Intermediaries has introduced a refreshed product transfer range for existing interest-only customers, featuring reduced rates starting from 3.99%.

The move is aimed at supporting borrowers approaching the end of their mortgage term while helping brokers retain clients through more competitive pricing and an improved, fully online process.

The lender’s updated proposition allows customers to lock in a new rate up to three months before maturity, with all applications handled digitally via Newcastle’s product transfer tool.

Exclusive transfer rates are also available to eligible existing customers.

Franco Di Pietro (pictured), head of intermediary mortgages at Newcastle Building Society, said: “By extending support to existing interest-only customers, our aim is to give brokers a practical, attractive option to keep those customers on their books, with real savings, a quick online transfer process and the peace of mind of being able to secure a rate ahead of maturity.

“This results in greater certainty for customers and a simpler process for brokers.”