NatWest Intermediary Solutions is launching a series of new higher LTV deals tomorrow into its intermediary Core range.
They include two 90% LTV deals: a two-year fixed rate at 4.59% and a five-year fixed rate at 4.99%.
In addition, there are two 80% LTV three-year fixed rate deals at 3.39% with a £995 product fee and 3.99% with no product fee. There are also two new low product fee buy-to-let deals being introduced.
NatWest is making rate cuts to its existing higher LTV deals. On its 90% LTV deals it has taken 100bps off its two-year fixed rate from 5.99% to 4.99%; made a 90bps cut on its five-year fixed rate from 6.29% to 5.39%; and a 50bps reduction to 4.79% on its First Time Buyer five-year fixed rate deal.
On its 80% LTV deals it now has a two-year fixed rate at 3.29%, a two-year tracker at 3.89% and a five-year fixed rate at 3.89%. And there is a 90bps cut on its five-year fixed rate £995 fee product from 4.79% to 3.89% and a 70bps cut on the five-year fixed rate no product fee from 4.99% to 4.29%.
There is also a sub-2% 60% LTV two-year fixed rate and 2.55% 75% LTV two-year fixed rate.
Mark Bullard, head of sales, NatWest Intermediary Solutions, said: “Building on the rate cuts we introduced to our range a couple of weeks ago, I am delighted that we are able to add a number of new mortgages to our portfolio. Obviously, the headlines will be dominated by the new 90% LTV deals as this is an area of the market we know brokers and their clients are keen to see developments in. But it’s important to note that with around 90 mortgages on offer to all intermediaries, we have one of the broadest ranges we have ever had.
“The significant reductions we have made to the rates on our higher LTV deals, combined with our lowest ever two-year fixed rate 60% LTV deal at 1.95% and the sharpening up of the popular three-year deals means we have a really attractive range for intermediaries.”