NatWest Intermediary Solutions is tomorrow (29 January) launching a number of new 80% LTV deals in its Core range.
It is also reducing the rates on a number of its mortgages in both the Main Bank and Core ranges including a 46bps rate reduction on its two-year fixed rate 70% LTV deal.
New products:
In the Core range the following new deals are being introduced for purchase and remortgage:
- 2 year fixed rate 4.09%, 80% LTV, £995 product fee
- 2 year fixed rate 4.39%, 80% LTV, no product fee
- 2 year tracker 4.39%, 80% LTV, no product fee
- 5 year fixed rate 4.79%, 80% LTV, £995 product fee
- 5 year fixed rate 4.99%, 80% LTV, no product fee
Rate changes:
In the Core range the following rate change is being introduced for purchase and remortgage deals:
- 18 month tracker reducing to 2.75% from 2.79%, 75% LTV, £995 product fee
In the Main Bank and Core ranges the following rate changes are being introduced for purchase and remortgage deals (Main Bank deals include £250 cashback):
- 2 year fixed rate decreasing to 2.39% from 2.45%, 50% LTV, £995 product fee
- 2 year fixed rate decreasing to 2.29% from 2.75%, 70% LTV, £995 product fee increasing to £1,995
- 3 year fixed rate decreasing to 2.65% from 2.75%, 70% LTV, £995 product fee
- 5 year fixed rate decreasing to 3.19% from 3.25%, 50% LTV, no product fee
- 5 year fixed rate decreasing to 3.15% from 3.19%, 70% LTV, £995 product fee
Mark Bullard, head of sales, NatWest Intermediary Solutions, said: “With market conditions in 2013 expected to continue to improve steadily, we know that intermediaries and their clients will be keen to look at lenders’ higher LTV mortgages. Therefore, I am delighted to be able to introduce a selection of 80% LTV deals into our Core range which is available to all intermediaries.
“With our new BDMs and BDM support team in place, I am looking forward to a very busy year where we continue to grow our intermediary business.”