Newcastle Intermediaries has launched a 3-year fix at 2.44% to 80% loan-to-value with no product fee.
The product offers a free standard valuation, £500 cashback and 10% overpayments per year.
Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “We’re always looking to improve our mortgage products and this latest three year fixed product is available at a competitive rate for borrowers.
“For remortgage customers, we’ve built options and flexibility into the product so that buyers can choose the benefits that mean the most to them – whether that’s standard legal fees paid or £500 cashback, to help when buying their home.
“We’re hoping that we can extend this competitive rate across a range of three year products over a variety of our LTV products.”