Newcastle Intermediaries (NI) has updated its buy-to-let mortgage range by unveiling two new fixed rates.
The two-year fixed rate product charges 2.59% (APR 5.60%) a £1,999 completion fee.
Its five-year fix charges 3.49% (APR 5.20%) with a completion fee costing 2.50% of the loan amount.
Both deals will revert to a standard variable rate of 5.99%. They are available at a maximum loan-to-value of 75% with no reservation fee and a free standard valuation.
The products will be provided through The Business Mortgage Company (TBMC) who NI teamed up with in 2015 to enter the buy-to-let market.
TBMC will liaise directly with brokers and submit fully packaged cases to Newcastle Intermediaries on its behalf
Steve Carruthers, head of mortgage distribution, at Newcastle Intermediaries, said: “Despite impending changes in the buy-to-let market we continue to see competition in the marketplace increase and in turn this has given landlords greater opportunities to shop competitively for the best interest rates.”