NatWest Intermediary Solutions is introducing rate reductions to the majority of its core intermediary range tomorrow (21 November).
Rates will be cut on its residential two, three and five-year fixed rate deals, two-year trackers and first time buyer mortgages across the spectrum of LTVs from 60%-95%.
In addition, there are rate reductions on its buy-to-let two, three and five-year fixed rate and tracker deals.
In total, 87 purchase and remortgage deals will be reduced.
Its first time buyer deals and high LTV mortgages will see a number of rate cuts, with the largest reductions being made on the five-year fixed rate 85% LTV/£995 product fee deal where there is a 70bps cut and on the five-year 90% LTV/£995 product fee deal which is coming down 91bps.
The rates on the two Help to Buy 95% LTV mortgages have been reduced – the two-year fixed coming down 10bps to 5.15% and the five-year fixed decreasing 30bps to 5.39%.
Mark Bullard, head of sales at NatWest Intermediary Solutions, said: “We have refreshed our range of intermediary mortgages to offer brokers a more attractive choice. We are introducing rate cuts right across the LTV range, so whether intermediaries are dealing with first-time buyers, second or third-time movers, remortgagers or buy-to-let investors, there’ll find that the majority of our mortgages now offer even better value.”
On its residential mortgages, the rate reductions include:
- Two-year fixed rate, reducing from 1.94% to 1.84%, 60% LTV, £995 product fee
- Two-year fixed rate, reducing from 2.45% to 2.10%, 70% LTV, £995 product fee
- Two-year fixed rate, reducing from 5.25% to 5.15%, 95% LTV, £0 product fee
- Three-year fixed rate, reducing from 3.09% to 2.69%, 60% LTV, £0 product fee
- Three-year fixed rate, reducing from 2.65% to 2.51%, 70% LTV, £995 product fee
- Three-year fixed rate, reducing from 4.59% to 4.13%, 95% LTV, £995 product fee
- Five-year fixed rate, reducing from 2.99% to 2.84%, 60% LTV, £995 product fee
- Five-year fixed rate, reducing from 5.29% to 4.38%, 90% LTV, £995 product fee
- Five-year fixed rate, reducing from 5.69% to 5.39%, 95% LTV, £0 product fee
- Two-year year fixed rate (First Time Buyer purchase only), reducing from 4.45% to 4.29%, 90% LTV, £0 product fee
- Two-year year tracker, reducing from 2.59% to 2.38%, 60% LTV, £0 product fee
The buy-to-let products will see cuts of between 10bps-25bps including:
- Three-year fixed rate, reducing from 3.59% to 3.34%, 75% LTV, £1,995 product fee
- Five-year fixed rate, reducing from 4.45% to 4.25%, 60% LTV, £0 product fee
