NatWest has reintroduced eight new rates at 85% LTV.
The rates, available for both new purchases and remortgages, are as follows:
Purchase:
- 2 year fixed – 1.94% with £995 fee and £250 cash back<
- 2 year fixed – 2.95% with no fee
- 5 year fixed – 2.34% with £995 fee and £250 cash back
- 5 year fixed – 3.39% with no fee
Remortgage:
- 2 year fixed – 1.94% with £995 fee and £250 cash back
- 2 year fixed – 2.90% with no fee
- 5 year fixed – 2.34% with £995 fee and £250 cash back
- 5 year fixed – £3.18% with no fee
The 85% LTV products are being reintroduced, initially through NatWest’s direct channels and then followed by the Intermediary channel “in the coming weeks”.
Lloyd Cochrane, head of mortgages at NatWest, said: “We know that the recent uncertainty in the housing market has created difficulty for people seeking to own their own home, and we’re pleased to be reintroducing these new rates to support the aspirations of homebuyers play our part in supporting the housing market.”
In addition, on Friday 24 July NatWest Intermediary Solutions will be introducing rate changes to its core product range for new business customers.
The rate changes are as follows:
- Purchase: Rate increases of up to 10bps on selected 2 year deals
- Remortgage: Rate increases of up to 7bps on selected 2 year deals and up to 9bps on selected 5 year deals
- Remortgage – High Value: Rate increase of 7bps on 70% LTV 2 year deal and up to 8bps on selected 5 year deals