NatWest adds new core and corporate mortgage deals

NatWest adds new core and corporate mortgage deals

NatWest Intermediary Solutions

NatWest Intermediary Solutions has introduced new purchase and remortgage deals to its core and corporate ranges.

Additions include mortgages with favourable rates for existing NatWest or RBS bank customers.

There has also been a number of rate changes on a selection of its products.

The new deals that are available to NatWest or RBS bank customers on a capital repayment or interest only basis are in the corporate range and do not carry a product fee:

  • Two-year tracker, 3.19%, 60% LTV with no fee, purchase and remortgage
  • Five-year fixed rate, 4.09%, 60% LTV with no fee, purchase and remortgage

To be eligible for these deals a client must already have an active NatWest or RBS current account in which they have had a minimum of the last three months’ salary, of at least £1,000 a month, paid into it. If applicants want to take these deals on an interest only basis they must fulfil the interest-only criteria.

The deals being introduced to its corporate range offer a morechoice of low and higher fees to cater for the different client scenarios and geographical locations:

  • Two-year fixed rate, 3.29%, 60% LTV with a £999 fee, purchase and remortgage
  • Two-year fixed rate, 3.59%, 60% LTV with a £199 fee, purchase and remortgage
  • Two-year fixed rate, 3.69%, 75% LTV with a £999 fee, purchase and remortgage
  • Two-year fixed rate, 3.49%, 75% LTV with a £1,999 fee, purchase and remortgage
  • Five-year fixed rate, 4.39%, 75% LTV with a £499 fee, purchase and remortgage

There are also new buy-to-let deals added to its core range:

  • Two-year fixed rate buy-to-let, 4.29%, 60% LTV with a £1,999 fee, purchase and remortgage
  • Two-year tracker buy-to-let, 3.99%, 60% LTV with a £1,999 fee, purchase and remortgage

A number of rate changes are being made to deals in the corporate range:

  • Two-year fixed rate, 80% LTV purchase mortgage is increasing by 0.06 percentage points to 4.35%
  • 18 month tracker, 75% LTV purchase and remortgage is increasing by 0.10 percentage points to 3.39%
  • Two-year tracker, 85% LTV purchase mortgage is increasing by 0.04 percentage points to 4.79%

A number of rate changes are being made to deals in the core range:

  • Two-year fixed rate, 60% LTV remortgage is decreasing by 0.16 percentage points to 3.39%
  • Two-year fixed rate, 75% LTV remortgage is decreasing by 0.06 percentage points to 3.79%
  • 18 month tracker, 75% LTV purchase and remortgage is increasing by 0.10 percentage points to 3.49%
  • Two-year fixed rate buy-to-let, 75% LTV purchase and remortgage is increasing by 0.10 percentage points to 4.99%
  • Two-year tracker buy-to-let, 75% LTV purchase and remortgage is increasing by 0.10 percentage points to 4.49%

“Earlier in the year we tested the water with a number of deals that offered existing customers of NatWest and RBS favourable rates,” said Mark Bullard, head of sales, NatWest Intermediary Solutions.

“They were very well received by intermediaries and their clients so I am delighted that we are able to launch some more of these new deals. Plus, we have injected more choice into our corporate range so that brokers can select the most appropriate mix of fee and rate for their clients.”