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.

The proposition assesses borrowers more favourably than standard fixed rate criteria, allowing them to increase the size of their loan.

The higher procuration fee is available on both residential and buy-to-let product transfers.