Newcastle for Intermediaries has today reduced rates across its Shared Ownership proposition.

The Society recently increased the maximum LTV for new build houses to 95%.

The Society says the reduction reflects a change in market conditions and lending costs. 

The lender has improved the potential amount borrowers can lend across its full product range, including shared ownership and interest-only.

The Society will now work together with both not-for-profit and for-profit providers.

Rates across the range are down by up to 0.55%.

Newcastle for Intermediaries has reduced the two and five-year fixed rate products in its large loan proposition by up to 0.26%.

Newcastle Building Society has today announced it will reduce its mortgage Standard Variable Rate (SVR) by 0.19% to 6.75% from 1st April 2025.

The new range is available up to 80% LTV for purchase and remortgage.

The Society is offering a 5.48% five-year fix to support the new proposition.