Newcastle Intermediaries has reduced rates by up to 0.25 percentage points across its range of two and five-year fee-assisted 90% and 95% LTV mortgages.

The products reduced in the move all come with no product fees to pay, include free standard valuation on properties of up to £500,000 and offer £250 cashback. Overpayments of 10% per year are permitted in addition to the £499 regular monthly overpayments already permitted.

A two-year fixed rate at 3.55% (4.0% APRC) at 95% LTV is now available, representing a 0.25 percentage point reduction on the previous rate. It comes with an early repayment charge of 2% until 30/11/2022 and 1% until 30/11/2023.

Also at 95% LTV, a five-year fixed rate at 3.79% (4.0% APRC) is now available, representing a 0.10 percentage point reduction. It comes with an early repayment charge of 5% until 30/11/2022, 4% until 30/11/2023, 3% until 30/11/2024, 2% until 30/11/2025 and 1% until 30/112026.

John Truswell (pictured), head of intermediary mortgages, said: “The market continues to be very competitive in the higher LTV space and we’re seeing increased consumer confidence as demand continues to build. We’re pleased to be able to reduce rates across the higher LTV range to provide more options for brokers and their clients, along with several incentives and added flexibility.”