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Newcastle Building Society has launched a new fixed rate product at 90% LTV.
The new product is a two-year 5.99% fixed rate mortgage at 90% LTV, with a £195 reservation fee, and a £499 completion fee.
They also launched a 3.95% fixed rate deal at 80% LTV, a £195 reservation fee and a £800 completion fee.

The products are available on a semi exclusive arrangement through Legal & General, Openwork, Your Move, Intrinsic, Positive Solutions and Brilliant Solutions.
Steven Marks, intermediary services executive at Newcastle, says: “We are keen to support as many first time buyers onto the ladder as possible, while encouraging movement in the housing market for those who already own a home.
“Therefore to launch two products – one of which requires a small 10% deposit while the other more suitable for larger deposits–enables us to build on our successful relationships with key intermediaries, while making our products available to a wide range of people.”

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HSBC has reduced the rates on its 80% LTV mortgage products by 0.4% with booking fees remaining at £399 or less.
Its two-year fixed rate 80% LTV deal now has a rate of 3.49%.

As part of the new range, HSBC is also introducing a new 80% LTV two-year discount mortgage at 2.79%, with a booking fee of only £99.
Martijn van der Heijden, head of lending at HSBC, says: “Our 2.79% discount mortgage is designed to help homeowners, many of which are facing a tough time.
’With just a £99 booking fee, those with a limited budget don’t have to fork out a fortune to start saving money.”