Newcastle Intermediaries has reduced all its buy-to-let rates by up to 0.10 percentage points.
The largest reduction has been on its five year fixed rate products. An exclusive re-mortgage deal is a five year fixed rate at 3.45% with no reservation or completion fee. This product comes with a free standard valuation, free legal fees or £500 cashback and 10% overpayments per annum.
Another five year buy-to-let deal is offered at a fixed rate of 3.25% (5.0% APR) with £199 reservation fee and £800 completion fee. This product also includes 10% overpayments per annum, and is available to future investors.
Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “I’m pleased to announce a number of rate reductions across our whole buy-to-let range but in particular our popular five-year products.
“We know that whilst the purchase market has shrunk over recent years our re-mortgage exclusive product will be popular for existing investors looking for long term rate security.”