NatWest has made rate cuts on selected core and semi-exclusive residential and buy-to-let products.
These include reductions of up to 22bps on its semi-exclusive two-year fixed rate purchase deals and up to 31bps on its semi exclusive five-year buy-to-let fixed rate remortgage deals.
Mark Bullard, head of sales, said: “We have taken this opportunity to review our proposition to ensure it is in line with current market conditions.
“We are delighted to be introducing some significant rate reductions across our product portfolio, which we believe further emphasises our commitment to the broker market.”
Changes are as follows:
New Business
- Core Range
- Introducing £250 cashback across 2 & 5 year fee based products;
- Purchase – Rate reductions of up to 26bps across 2 & 5 year fee and 95% LTV no fee products;
- Remortgage – Selected rate reductions across 2 & 5 year fee products;
- BTL – Selected rate reductions of up to 50bps across 2 & 5 year BTL products (purchase and remortgage).
- Intermediary Exclusives
- Purchase – Selected rate reductions of up to 22bps and cash back changes across 2 & 5 year fee, 95% LTV no fee and 5 year FTB products;
- Remortgage – Selected rate reductions of up to 10bps and cash back changes across 2 & 5 year fee products;
- BTL – Selected rate reductions of up to 31bps and cash back changes to 2 & 5 year BTL products.
Existing Customer
- Core Range
- Purchase – Rate reductions and increases across 2 & 5 year fee and 95% LTV no fee products;
- Remortgage – Selected rate reductions and increases across 2 & 5 year fee products.