Newcastle Intermediaries has reduced rates on its five-year fixed rate higher LTV products by up to 0.79%.

The reduced rate products include a five-year fixed rate at 4.80% (5.0% APRC) up to 90% LTV, with early repayment charges of 5% until 31/07/24, 4% until 31.07.2025 and 3% until 31/07/26, 2% until 31.07.2027 and 1% until 31/07/28.

Also included in the range is a five-year fixed rate at 5.25% (5.2% APRC) up to 95% LTV, with an early repayment charge of 5% until 31/07/24, 4% until 31.07.2025, 3% until 31/07/26, 2% until 31.07.2027 and 1% until 31/07/28.

Both products are available for house purchase and remortgage, come with no fees, an overpayment facility of 10% each year for greater flexibility, and offer free standard valuation on properties up to £500,000.

Franco Di Pietro (pictured), head of intermediary mortgages at Newcastle Building Society said: “As the market continues to evolve we’re pleased to reduce our five-year fixed rate 90-95% LTV products, providing first-time buyers and low deposit borrowers with greater support, and to give brokers additional competitive options to present to their clients.”