NatWest is introducing rate reductions on selected core and semi-exclusive residential and buy-to-let products tomorrow (Friday 28 June).
Changes include reductions of up to 18bps on buy-to-let deals and the launch of a new simplified buy-to-let calculator.
Mark Bullard, head of sales, said: “We have taken this opportunity to reaffirm our commitment to the buy-to-let market by offering reductions on our two and five-year deals across our exclusive and core ranges.
“The launch of our new buy-to-let calculator alongside the rate changes to our purchase and remortgage ranges demonstrates our commitment to the broker market.”
Changes are as follows:
Intermediary Exclusives:
- Purchase: Rate reductions of 2-19bps on 2 & 5 year 60-85% LTV products.
- Remortgage: Rate reductions of 10bps on 2 year 85% fee and 1-4bps on 5 year 60-85% LTV products.
- Buy-to-let: Rate reductions of 2-18bps on 2 & 5 year 60-75% LTV purchase and remortgage products.
- Shared Equity Remortgage: Rate reduction of 2bps on 5 year 60% fee based product.
Core Range:
- Purchase: Rate reductions of 2-6bps on 2 & 5 year 60-85% LTV products.
- Remortgage: Rate reductions of 1-5bps on 2 & 5 year 60-85% LTV products.
- Buy-to-let: Rate reductions of 2-18bps on 2 & 5 year 60-75% LTV purchase and remortgage products.