Newcastle Intermediaries has reduced rates across its 95% LTV shared ownership proposition and has introduced 85% and 90% LTV products to the range. The expansion to the lender’s shared ownership range comes alongside 95% LTV rates, including a two-year fixed rate at 5.99%, with early repayment charges of 2% and 1% until the end of April in 2025 and 2026 respectively. A five-year fixed rate is also available at 5.65% with early repayment charges of 5% until April 2025, reducing 1% every year until 2029. Both products are available for house purchase and remortgage, with a £999 product fee, and offer an overpayment facility of 10% each year.

Landbay has made rate reductions across its two- and five-year fixed rate products. The buy-to-let lender has reduced its two-year standard and like-for-like range have been reduced by 0.20%, with rates now starting at 4.39%, with the like-for-like range is stress tested at pay rate plus 1% instead of the standard calculation of pay rate plus 2% and is suitable for landlords looking to remortgage with no changes to their borrowing requirements. Two- and five-year fixed products for small HMOs and MUFBs, as well as five-year fixed products for trading companies All products are available with Landbay’s variable fee structure for enhanced affordability and are available for intermediaries to view and compare using Landbay’s affordability calculator.

Atom bank has cut its mortgage rates by up to 0.15% for its prime and near prime customers. Its two-year fix at 95% LTV has seen the largest reduction, now priced a 6.14%, and carries no product fee and offers a free valuation. All near prime rates have been reduced by 0.10% as the lender continues to help those with less-than-perfect credit. The firm has also revealed that in the last 12 months, over half (56%) of all completions were for first time buyers, reflecting the bank’s focus on helping those customers with smaller deposits who want to buy their first home.

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