Newcastle Intermediaries has refreshed its landlord range, while Clydesdale Bank will raise selected offers by up to 65 basis points and cut others by 45bps.
Newcastle Building Society’s broker-only arm has revamped a two-year fixed rate at 5.20% up to 80% loan to value, which comes with a £999 product fee and early repayment charges of 2% until 31 August 2025 and 1% until 31 August 2026.
It also offers a two-year fixed rate at 5.40% up to 80% LTV, which comes with no product fee and early repayment charges of 2% until 31 August 2025 and 1% until 31 August 2026.
Both products are available for house purchase and remortgage, carry no minimum income or maximum age criteria and offer up to 10% overpayments per year.
The unit has also cut its stress rate for buy-to-let lending across its fixed rate deals under five years to 7.50% from 7.75% and across its fixed rate longer-term products to 5.00% from 5.25%.
Newcastle Building Society head of intermediary mortgages Franco Di Pietro says: “We’ve updated our range of two-year BTL products, with competitive rates complemented by the enhancements offered by our flexible lending criteria, direct access to our team of underwriters and support for each broker via their dedicated regional business development manager.
“At the same time, and as we look to support brokers and their clients as much as we can, we’re also pleased to be able to reduce stress rates on shorter and longer-term fixed rate products across our BTL range, which will provide a greater degree of flexibility.”
Meanwhile, Clydesdale Bank will launch new exclusive products, while lifting selected residential and landlord offers tomorrow (5 March).
Clydesdale’s changes cover:
New and existing residential customer products
- Two- and five-year 65% LTV and 75% LTV fixes will be increased by up to 29bps
Professional products
- Two- and five-year professional fixes will be increased by up to 65bps
New and existing BTL customer products
- Two-year 60% LTV fixes will be increased by up to 6bps
New and existing BTL customer products
- Selected two- and five-year fixes will be reduced by up to 45bps
New exclusive residential remortgage deals
- 75%-85% LTV two- and five-year fixes, with a £1,499 fee, will be launched starting from 4.54%
New exclusive residential purchase deals
- 75%-90% LTV two- and five-year fixes, with a £1,499 fee, will be launched starting from 4.44%
New exclusive large loan residential products
- 75%-90% LTV two- and five-year fixes will be launched starting from 4.53%
The bank says that brokers applying for these deals must submit applications by 8pm today.
