NatWest Intermediary Solutions is cutting rates on a number of higher LTV residential mortgages including first-time buyer deals, and a selection of buy-to-let mortgages, tomorrow (29 January).
Its two-year fixed rate, 90% LTV, £995 product fee deal will reduce by 41bps from 2.91% to 2.50%; the two-year fixed rate, 90% LTV, £0 product fee deal will be cut 47bps from 3.45% to 2.98%; and its two-year fixed rate (Help to Buy: mortgage guarantee scheme), 95% LTV, £0 product fee deal will decrease by 45bps from 4.24% to 3.79%.
And for its first-time buyer only mortgages there will be a 45bps cut on its two-year fixed 90% LTV, £0 product fee deal from 3.39% to 2.94% and a 49bps cut on its five-year fixed rate 90% LTV £0 product fee deal from 4.09% to 3.60%.
Mark Bullard, head of sales at NatWest Intermediary Solutions, said: “We have long supported first-time buyers and home buyers with smaller deposits with a good range of appropriate mortgages, that includes the government’s Help to Buy schemes.
“The changes we are introducing provide further evidence of our commitment to this important sector of the mortgage market.”
