The deal is available up to 80% loan-to-value (LTV), at a rate of 2.05% and has no arrangement fee. Free valuation and free legals are available for remortgages or £250 cashback for purchases.

Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries (pictured), said: “We’re potentially looking to offer more bespoke products for brokers and will be measuring the impact and effectiveness of this initial offer with a view to doing more in the future to help address their customers’ individual needs.

“Feedback from brokers indicates that there appears to be a growing demand for three year deals, particularly as we look ahead into uncertain times in the wider economy.”