NatWest Intermediary Solutions is making a series of rate cuts tomorrow across its Core residential range.
Reductions include a 30bps cut to 3.15% on its nil product fee 75% LTV two-year tracker and a 20bps decrease in rate to 3.15% on its 75% LTV five-year fixed rate deal.
In total, there are rate reductions on 18 of its 60%, 70% and 75% LTV purchase and remortgage deals which are available to all intermediaries.
[pullquote]We have been building a more attractive range of products for the broker market
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Rate changes
In the Core range the following rate reductions are being introduced for purchase and remortgage deals:
Two year fixed rate deals
- Two-year fixed rate decreasing to 2.15% from 2.25%, 60% LTV, £995 product fee
Three-year fixed rate deals
- Three-year fixed rate decreasing to 2.85% from 2.89%, 60% LTV, no product fee
- Three-year fixed rate decreasing to 3.09% from 3.19%, 70% LTV, no product fee
- Three-year fixed rate decreasing to 2.79% from 2.85%, 75% LTV, £995 product fee
Five year fixed rate deals
- Five-year fixed rate decreasing to 2.85% from 2.90%, 60% LTV, £995 product fee
- Five-year fixed rate decreasing to 3.09% from 3.19%, 60% LTV, no product fee
- Five-year fixed rate decreasing to 3.15% from 3.35%, 75% LTV, £995 product fee
- Five-year fixed rate decreasing to 3.59% from 3.69%, 75% LTV, no product fee
Tracker rate deals
- 18-month tracker increasing to 2.99% from 2.75%, 75% LTV, product fee reducing to £0 from £995
- Two-year tracker decreasing to 3.15% from 3.45%, 75% LTV, no product fee
Mark Bullard, head of sales, NatWest Intermediary Solutions, said: “From the start of the year we have been building a more attractive range of products for the broker market in support of our greater appetite to lend. So, I am pleased to be able to further improve the value that intermediaries can offer their clients.
“We’ll continue to offer a really broad range of products to appeal to a wide variety of brokers’ clients offering choices in relation to the level of product fees, LTVs, loan periods, fixed or tracker as well as the different client types be they first-time buyers, shared equity scheme users or buy-to-let investors.
“With a robust and reliable service to back these product changes I believe we will get a positive response from our intermediary partners.”
