Newcastle Intermediaries reduces BTL rates

Newcastle Intermediaries has cut rates across its buy-to-let ranges.

The new buy-to-let remortgage deals are available at 2.85% for two years or 3.35% for five years, both up to a maximum 75% loan-to-value (LTV).

Both products come with no reservation or completion fees, free standard valuation and legal fees.

Newcastle has also reduced rates on mortgages exclusively for self-employed borrowers who have been trading for up to two years.  

Two-year fixed rate products are available from 1.9% and free valuations on properties up to and including £500,000 are available through all its key account distributors.

“We have reassessed rates across our range to offer even better flexibility and support, especially to our self employed borrowers,” said Steve Carruthers, head of Mortgage Distribution at Newcastle Intermediaries.

“Additionally, our free valuation feature and low fee alternatives are ideal for those in the remortgage market,” he added. 

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