Newcastle Intermediaries has revamped all of its residential mortgage products, with cuts of up to 0.70 percentage points on five-year products between 85–95% LTV.

It has made the biggest reductions on its five year fixed rates, now available at 2.75% (4.7%APR), a cut of 0.70 percentage points, at a maximum LTV of 90% with £498 fees to pay and 10% overpayment facility per annum and an early repayment charge of 5% until 31/03/2020, 4% until 31/03/2021, 3% until 31/03/2022, 2% until 31/03/2023 and 1% until 31/03/2024

Alternatively, for borrowers looking for a mortgage product with no fees to pay, another five year fix at 2.95% (4.8%APR) a 0.67 percentage point cut, also available at a maximum LTV of 90%, comes with free valuation, 10% overpayment facility per annum, and £500 cashback, or for those re-mortgaging, free legal fees. This also includes an early repayment charge of 5% until 31/03/2020, 4% until 31/03/2021, 3% until 31/03/2022, 2% until 31/03/2023 and 1% until 31/03/2024.

Steve Carruthers (pictured), head of mortgage distribution at Newcastle Intermediaries, said: “We’re starting 2019 as we mean to go on, with a market responsive range that meets the needs of home buyers.

“With the prospect of further rate rises along with the uncertainty of Brexit, borrowers are moving towards longer term fixed rates, which is why we’ve refreshed all of our residential mortgage range with a strong focus on the five year fixes to give these borrowers peace of mind.”