The Newcastle Building Society has removed Early Repayment Charges (ERCs) from three of its mortgage products.

The 2.68% two-year product is available at a maximimum 80% loan-to-value (LTV).

Meanwhile, the 2.54% (5.5% APR) two-year fixed rate product comes with a max LTV of 60%.

For those that need assistance with the costs of moving there is the 2.98% (5.5% APR) two year fixed rate product, which is available at a LTV of up to 80%.

Steve Urwin, the Newcastle’s sales and marketing executive, said: “These products could offer borrowers the flexibility to overpay as much as they want or change mortgages when they would like, while offering competitive rates.

“What’s more, the fees free 80% LTV product allows upfront savings and helps to take away some of the costs associated with remortgaging.”