Newcastle Intermediaries has reduced its rates on a selection of two and five year deals available up to a maximum loan to value (LTV) of 95%.

The new range includes a two-year fix at 3.49% (5.7%APR) a 0.20 percentage point reduction on the current product, at 95% LTV, no product fees to pay, free valuation, 10% overpayment facility per annum, £500 cashback or free legal fees (available on re-mortgages only) and an early repayment charge of 2% until 31 March 2020 and 1% until 31 March 2021.

In addition, a five-year fix at 3.67% (5.2%APR), a 0.40 percentage point reduction on its current product is also available at a maximum LTV of 95%, comes with no product fees to pay, free valuation, 10% overpayment facility per annum, £500 cashback or free legal fees (available on re-mortgages only) and an early repayment charge of 5% until 31 March 2020, 4% until 31 March 2021, 3% until 31 March 2022, 2% until 31 March 2023 and 1% until 31 March 2024.

Steve Carruthers (pictured), head of mortgage distribution at Newcastle Intermediaries, said: “These products will support a wide range of borrowers including first time buyers and re-mortgagers.

“We’re also giving borrowers the option of cashback or free legal fees with re-mortgages, providing choice and flexibility, whether you’re taking the first step on the property ladder or simply reviewing your existing deal.”