Newcastle Intermediaries has launched two competitive deals for borrowers looking to take advantage of today’s low base rate to lock in for the long-term.

Its five and 10-year products are available up to 80% LTV and both have no reservation or completion fee.

The five-year deal charges 2.74% (APR 4.80%) and the 10-year fix costs 3.29% (APR 4.20%). 

The 10-year product also has no early repayment charges after five years, giving borrowers more flexibility.

Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “While the Bank of England has announced the base rate is unlikely to rise in the short term, the appetite for longer-term products continues as borrowers are keen to lock in and capitalise on the low rates while they can.

“We believe our combination of a low rate, while ensuring certainty about monthly mortgage payments, is still very important to borrowers.”

The products are available through networks Sesame, Openwork, L&G, Intrinsic, First Complete, Pink Home Loans, The Mortgage Alliance, Premier Mortgage Services, SimplyBiz Mortgages and Tenet.