Approvals for remortgaging with a different lender also fell.

The lender has also expanded the accessibility of its buy-to-let multi loan products to all mortgage brokers.

The lender has reduced rates by up to 0.15% but increased other rates across its purchase and remortgage ranges.

The Society has relaunched its 95% LTV mortgage product at 4.99%.

The specialist lender says it is keen to attract more HMO, MUB and holiday let business.

The lender has also launched a new range of fee-free products.

Newcastle Building Society has today announced it will reduce its mortgage Standard Variable Rate (SVR) by 0.19% to 6.75% from 1st April 2025.

Nationwide also introducing a range of new £1,499 fee products at 90% and 95% LTV.

The cheapest two-year fix is now 0.60% lower than this time last year.

Rates have reduced by up to 0.30% across the new business range.