Newcastle Intermediaries has launched a two-year fixed rate charging 3.59% up to 95% LTV.
This product also comes with no completion fee and no early repayment charges, and is ideal for first time borrowers looking for a short term fixed rate.
Steve Carruthers, head of mortgage distribution, at Newcastle Intermediaries, claimed the deal was one of the most competitive products in the marketplace.
Carruthers said: “There is an appetite for shorter-term borrowing especially as people are unsure as to when the Bank of England Base Rate will rise.
“In addition, the no early repayment charges element gives the borrower added flexibility too.”
The Newcastle deal is available through networks Sesame, Openwork, L&G, Intrinsic, First Complete, Pink Home Loans, The Mortgage Alliance, Premier Mortgage Services, SimplyBiz Mortgages and Tenet.