Newcastle Intermediaries has reduced rates within its buy-to-let and self-employed mortgage range.
Buy-to-let remortgage deals launched by the lender are available at 2.85% (5.5%APR) for two years, or 3.35% (5.0%APR) for five years, both up to a maximum loan to value (LTV) of 75%.
The rental calculation used by Newcastle Intermediaries depends on the product term: under five years it is stressed at a rate of 5.5% and 4% for five years plus, with both requiring a rental coverage of 145%.
Both of these products come with no reservation or completion fees, free standard valuation and legal fees.
The lender has also reduced rates on mortgages exclusively for self-employed borrowers who have been trading for two years and under.
The two-year fixed rate products offer interest rates from 1.90% (5.3%APR), free valuations (on properties up to and including £500,000) and are available through all its key account distributors.
Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “We have reassessed rates across our range to offer even better flexibility and support, especially to our self-employed borrowers.
“Additionally, our free valuation feature and low fee alternatives are ideal for those in the re-mortgage market.”
