Newcastle Intermediaries has reduced a number of products across its range and has introduced free legal fees on certain products.
For instance, there is now a two-year fixed rate product at 2.15% (5.3% APR), which comes with no reservation or completion fees, a free standard valuation, free legal fees (for re-mortgages) or £200 cashback (for house purchases) and up to a maximum loan to value (LTV) of 80%.
Rates have also been cut on 1o-year fixed rate deals. A rate of 3.35% (4.2%APR) is available up to 80% LTV. This product also comes with no reservation or completion fees, a free standard valuation, free legal fees (for re-mortgages) or £200 cashback (for house purchases).
Ben Smith, head of product development at Newcastle Intermediaries, said: “We have reassessed all of our rates in a bid to offer borrowers choice and flexibility.
“Whilst rates across the market are rising ahead of a potential base rate rise in November, I’m pleased we can offer borrowers a competitive range of fixed rate products.
“Additionally, our free legal fee feature is ideal for the growing re-mortgage market.”