Cuts of 0.15% have been made across the range of products, which include no product fees, a free standard valuation and £200 cashback on selected deals.
Newcastle Building Society has also shortened the time from completion to payment of cashback from 14 days to five days, which it said would give borrowers faster access to funds to help with moving.
Michelle Ash (pictured), national account manager at Newcastle Building Society, said: “These changes reflect the evolving market conditions and our commitment to supporting first-time buyers and those needing a higher-LTV product.
“We’ve priced the range to be competitive for intermediaries working with clients who need 95% LTV, and the faster cashback payment is a practical change that will make a real difference at completion.”
For the first six months of the year, Newcastle Building Society delivered £570m in gross mortgage lending.
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