Newcastle Intermediaries has reduced rates across its buy-to-let range by up to 0.46 percentage points.

Included in the buy-to-let range is a two-year fixed rate at 6.15% (7.0% APRC) up to 80% LTV, that comes with a £999 product fee and early repayment charges of 2% until 31.03.2025 and 1% until 31.03.2026.

Also available is a five-year fixed rate at 5.99% (6.7% APRC) up to 80% LTV, that comes with no product fees and early repayment charges of 5% until 31.03.2025, 4% until 31.03.2026, 3% until 31.03.2027, 2% until 31.03.2028 and 1% until 31.03.2029.

Newcastle Intermediaries’ buy-to-let proposition is available to sole trader landlords only, has no minimum income or maximum age, and both products offer 10% overpayments and are available for both house purchase and remortgage.

Franco Di Pietro, head of intermediary mortgages at Newcastle Building Society, said: “In response to an increasingly competitive market and the wider reduction in rates that we’re starting to see we’re delighted to reduce rates on our buy-to-let product range.

“As a lender we understand that affordability challenges are still prevalent and so it’s important that we pass on these reductions to our broker partners and their clients, offering not only greater choice and flexibility, but competitive rates, underpinned by our adaptable, nuanced approach to underwriting.”