Newcastle Intermediaries has cut its 95% LTV range by up to 0.27 percentage points.

A two year fixed of 3.12%, a 0.18 percentage point reduction on its current rate is available at a maximum LTV of 95%. It comes with free valuation, £500 cashback or free legal fees for re-mortgages.

In addition, a two year fix at 2.59%, a 0.27 percentage point reduction on its current rate, with fees of £498 to pay, is available at 95% LTV.

Both have an early repayment charge of 2% until 31/07/20 and 1% until 31/07/20.

Meanwhile, a five year fee assisted fixed rate is available at 3.45%, a 0.04 percentage point reduction on its current rate. It comes with free valuation, £500 cashback or for re-mortgagers free legal fees, and an early repayment charge of 5% until 31/07/20, 4% until 31/07/21, 3% until 31/07/22, 2% until 31/07/23 and 1% until 31/07/24.

Stuart Miller, customer director at Newcastle Intermediaries, said: “We’re pleased to see that the first time buyer market remains very active, and our reduction in rates support these buyers make their first step onto the housing ladder. As a mutual, we are dedicated to supporting the first time buyer market and our flexible and common sense approach to underwriting means we can consider customers who require a flexible approach.

“These products will also support borrowers looking to re-mortgage up to 95% LTV including the ability to raise capital for home improvements.”