"We’re seeing a downward trend in rates across all LTVs due to a number of factors, including a reduction in market activity with the closure of the stamp duty land tax window in June"
A two-year discounted rate is available at 1.45%, which now represents a 2.51% discount from the lender’s SVR, with a £999 product fee.
A two-year fixed rate fee assisted product is also available at a 2.35%and comes with no product fees, free standard valuation on properties of up to £500,000 and £500 cashback.
John Truswell, head of intermediary mortgages at Newcastle Building Society, said: “We’re seeing a downward trend in rates across all LTVs due to a number of factors, including a reduction in market activity with the closure of the stamp duty land tax window in June and a tightening of housing supply.
“So to better support borrowers in an ever-changing market, we’re refreshing our 80% range to give brokers and their clients more choice and some really competitive options to suit their needs.”
