Newcastle Building Society (NBS) has launched two new mortgage products aimed at first time buyers.

Both deals are up to 95% LTV. One product is a two-year fixed rate at 5.95% (APR 6.3%) with a £800 completion fee and £195 reservation fee.

Secondly, there is a fees-free option, a two-year fixed rate at 6.25% (APR 6.2%) which comes with no completion or reservation fees.

Both products have a minimum loan amount of £10,000 and a maximum of £250,000 and are available in both NBS’ branch network and through the telephone-based direct mortgage team to make it as accessible as possible.

These products are also available for re-mortgages, as well as first time buyers and other home movers.

Steve Urwin, sales and marketing executive at NBS, said: “When it comes to the housing market