NatWest Intermediary Solutions has cut rates on a selection of its two, three and five-year fixed rate purchase mortgages and remortgages in its core intermediary range.
Its first-time buyer only two-year fixed rate deals are reducing by between 14-47bps; two-year fixed rate deals are coming down between 9-79bps; three-year deals are falling between 10-58bps and five-year fixed rates deals are being cut between 7-16bps.
Two-year fixed rate purchase – First-time buyer only £500 cash back:
- 80% LTV decreasing by 41bps from 2.72% to 2.31% (APRC 3.6%, SVR 3.75%), £0 product fee
- 85% LTV decreasing by 47bps from 2.87% to 2.40% (APRC 3.6%, SVR 3.75%), £0 product fee
- 90% LTV decreasing by 14bps from 2.97% to 2.83% (APRC 3.7%, SVR 3.75%), £0 product fee
Five-year fixed rate purchase – First-time buyer only £500 cashback:
- 90% LTV decreasing by 20bps from 3.88% to 3.68% (APRC 3.8%, SVR 3.75%), £0 product fee. To be eligible for one of these deals, only one of the applicants is required to be a first-time buyer.
Help to Buy: mortgage guarantee scheme 2 year fixed rate purchase:
- 95% LTV decreasing by 12bps from 3.81% to 3.69% (APRC 3.8%, SVR 3.75%), £0 product fee
Help to Buy: mortgage guarantee scheme 5 year fixed rate purchase:
- 95% LTV decreasing by 4bps from 4.63% to 4.59% (APRC 4.2%, SVR 3.75%), £0 product fee
Two-year fixed rate purchase:
- 60% LTV decreasing by 25bps from 1.57% to 1.32% (APRC 3.5%, SVR 3.75%), £995 product fee
- 60% LTV decreasing by 79bps from 2.54% to 1.75% (APRC 3.5%, SVR 3.75%), £0 product fee
- 70% LTV decreasing by 24bps from 1.65% to 1.41% (APRC 3.5%, SVR 3.75%), £995 product fee
- 70% LTV decreasing by 75bps from 2.59% to 1.84% (APRC 3.5%, SVR 3.75%), £0 product fee
- 75% LTV decreasing by 24bps from 1.65% to 1.41% (APRC 3.5%, SVR 3.75%), £995 product fee
- 75% LTV decreasing by 74bps from 2.63% to 1.89% (APRC 3.5%, SVR 3.75%), £0 product fee
- 80% LTV decreasing by 23bps from 1.72% to 1.49% (APRC 3.5%, SVR 3.75%), £995 product fee
- 85% LTV decreasing by 9bps from 1.81% to 1.72% (APRC 3.5%, SVR 3.75%), £995 product fee
Three-year fixed rate purchase:
- 60% LTV decreasing by 19bps from 1.78% to 1.59% (APRC 3.4%, SVR 3.75%), £995 product fee
- 60% LTV decreasing by 58bps from 2.56% to 1.98% (APRC 3.4%, SVR 3.75%), £0 product fee
- 70% LTV decreasing by 10bps from 1.89% to 1.79% (APRC 3.4%, SVR 3.75%), £995 product fee
Five-year fixed rate purchase:
- 60% LTV decreasing by 10bps from 2.07% to 1.97% (APRC 3.2%, SVR 3.75%), £995 product fee
- 70% LTV decreasing by 7bps from 2.30% to 2.23% (APRC 3.3%, SVR 3.75%), £995 product fee
- 75% LTV decreasing by 15bps from 2.38% to 2.23% (APRC 3.3%, SVR 3.75%), £995 product fee
- 90% LTV decreasing by 16bps from 3.19% to 3.03% (APRC 3.6%, SVR 3.75%), £995 product fee
Three-year fixed rate remortgage:
- 60% LTV decreasing by 20bps from 1.88% to 1.68% (APRC 3.4%, SVR 3.75%), £995 product fee
- 60% LTV decreasing by 58bps from 2.56% to 1.98% (APRC 3.4%, SVR 3.75%), £0 product fee
- 70% LTV decreasing by 10bps from 1.98% to 1.88% (APRC 3.4%, SVR 3.75%), £995 product fee
Mark Bullard, head of sales at NatWest Intermediary Solutions, said: “The multitude of rate reductions we are introducing, across a broad spectrum of LTVs from 60-95%, reflects our continued appetite to accept high volumes of mortgage applications.
“When you combine these new attractive rates with the robust service we are able to offer, it presents brokers with a pretty compelling set of reasons to recommend NatWest to their customers.”
