Rates have been cut by as much as 0.2% up to 95% loan to value (LTV).
Francesco Di Pietro, head of intermediary mortgages at Newcastle Building Society, said: “Brokers are telling us clients need straightforward, reliably priced two-year options as they make decisions in a fast-moving market.
“By reducing rates across this range and keeping products available at higher LTVs, we’re giving brokers the tools to place more clients with confidence, whether they’re first-time buyers, homemovers or existing customers looking to remortgage.”
These changes come a week after Newcastle Building Society’s last round of rate cuts.
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Virgin Money lowers rates and withdraws selected products
Virgin Money has made rate reductions, applying to its exclusive purchase, purchase, remortgage and product transfer ranges.
From 8pm on 8 December, Virgin Money will withdraw its exclusive purchase product, fixed for five years at 85% LTV with an £895 fee at 4.17%.
Also, within the exclusive purchase range, Retrofit Boost and Own New deals will be pulled.
Retrofit Boost products will also be removed from its exclusive remortgage and exclusive buy-to-let (BTL) ranges.
As for the rate reductions, cuts of up to 0.26% have been made, such as its five-year fixed fee-saver products within its purchase offering, with rates now starting at 4.07%.
Within the same range, two-year fixes with a £999 fee will be cut by up to 0.16% and start at 3.91%, while fee-saver options will be lowered by up to 0.17% and start at 4.11%.
The five-year fixed rates with a £999 fee will be reduced by as much as 0.25% to start from 4% and selected shared ownership rates will be cut by up to 0.14%, starting from 4.03%.
Exclusive purchase two- and five-year fixed rates from 75% to 90% LTV have also been lowered.
Virgin Money has also cut pricing on selected remortgage and product transfer rates.
