Related topic: Mortgages

The launch forms part of a wider refresh of Newcastle for Intermediaries' core residential range.

Mortgage approvals fell to their lowest level since the end of 2023 and have remained below 60,000 for five consecutive months.

84% of brokers expect the Bank of England to increase the base rate before the end of the year.

The average effective mortgage interest rate is expected to rise from 4% in 2026 to around 5% by 2031.

The specialist lender says the region has "been historically underserved by specialist mortgages".

Your First Home will enable eligible first-time buyers to purchase new build homes with deposits as low as 2.5%.

Rely has also reduced rates across its existing 80% LTV range.

Residential and buy-to-let rates have reduced by up to 0.15%.

The Society is introducing top slicing on its UK and expat buy-to-let mortgages and changing the way it assesses affordability for expat residential applicants.

The change applies to residential purchase, remortgage and buy-to-let mortgage offers.