The products come without valuation and product fees. They also include standard legal costs, including Land Registry fees, Land Registry priority search, bankruptcy searches, property searches and VAT.
Newcastle Intermediaries will also instruct one of its approved solicitors on the borrowers’ behalf to arrange completion of their purchase or remortgage.
The products are available through Sesame, Openwork, Legal & General, Instrinsic, First Complete, Pink Home Loans, The Mortgage Alliance, Premier Mortgage Services, SimplyBiz Mortgages and Tenet.
Steve Carruthers (pictured), head of mortgage distribution at Newcastle Intermediaries, said the reduction will help first-time buyers with reduced monthly repayments and keeping upfront costs to a minimum.
Newcastle BS’ intermediary arm announced it was launching into buy-to-let lending in August.
