NatWest Intermediary Solutions is introducing a number of rate reductions to its intermediary range of mortgages tomorrow (19 December).
Rates will be cut on its lower LTV residential two, three and five-year fixed rate and two-year tracker deals.
Its three-year fixed rate 70% LTV residential deal is being cut by 13bps to 2.38% and its three-year fixed rate 75% buy-to-let 75% deal is dropping 11bps to 3.45%.
The residential purchase and remortgage deals having rate reductions are:
- 2 year fixed rate, reducing from 1.84% to 1.81%, 60% LTV, £995 product fee
- 3 year fixed rate, reducing from 2.29% to 2.28%, 60% LTV, £995 product fee
- 3 year fixed rate, reducing from 2.51% to 2.38%, 70% LTV, £995 product fee
- 3 year fixed rate, reducing from 2.68% to 2.64%, 75% LTV, £995 product fee
- 5 year fixed rate, reducing from 2.84% to 2.83%, 60% LTV, £995 product fee
- 2 year tracker, reducing from 1.64% to 1.61%, 60% LTV, £995 product fee
The buy-to-let purchase and remortgage deal having a rate increase is:
- 3 year fixed rate, increasing from 3.34% to 3.45%, 75% LTV, £1,995 product fee
Mark Bullard, head of sales, NatWest Intermediary Solutions said: “Last month we made significant reductions to the majority of our mortgage deals in our intermediary range. The lower LTV market continues to be the largest and most competitive sector so we have been able to trim rates further to offer brokers even better deals for their customers.
2014 has been a tremendous year both for NatWest and the industry as a whole. We have taken the new MMR requirements in our stride and can look forward to 2015 with confidence knowing that the market is in a better shape than it was 12 months ago. So, on that positive note, I would like to take this opportunity to thank intermediaries for their support this year and wish everyone in the industry a very happy Christmas and a prosperous 2015.”