Newcastle Intermediaries has increased the level of overpayments allowed without penalty across its whole buy-to-let range.

The lender now accepts 10% of the balance per annum to be made in overpayments, in addition to its existing policy of £499 regular monthly overpayments.

This change improves its existing buy-to-let lending policy which includes no maximum age limit and five-year fixed products stressed at 145% at 4%.

Ben Smith, product development and propositions manager at Newcastle Intermediaries, said: “As we continue to grow our buy-to-let offering, the introduction of additional overpayments reflects our commitment to the market and to providing more choice and flexibility for intermediaries to access our buy-to-let product range.”