NatWest Intermediary Solutions has launched two new 60% LTV deals and reintroducing a 90% LTV, zero product fee, first-time buyer mortgage to its Core range.
It has also reduced the rates and/or fees on a number of its residential mortgages, including a 64 bps reduction on its Core range two-year fixed rate 75% LTV products and the removal of product fees on its 90% LTV Current Account range deals.
And, selected buy-to-let mortgages have had their product fees reduced by £1,000.
Mark Bullard, Head of Sales, said: “We have a real appetite to increase the amount that we lend this year through the intermediary channel which is why we are able to offer such a comprehensive range of deals across the LTV bands from 60-90%. I am particularly pleased to reintroduce the five-year 90% LTV first-time buyer mortgage which proved to be very popular with intermediaries when we had it in our range previously.
“The new 2.29% two year fixed rate deal bolsters what is a strong sub-60% LTV offering. And, the improvements we have made to the overall value of our buy-to-let products by rebalancing the fees and rates gives brokers more choice with their clients.
“Our attractive range of products, reliable service platform and whole of market proposition further demonstrates our commitment to the intermediary sector as a key mortgage distribution channel.”
New deals
In the Core range the following deals are being introduced for purchase and remortgage:
- 2 year fixed rate 2.29%, 60% LTV, £995 product fee
- 2 year fixed rate 2.75%, 60% LTV, no product fee
In addition the following purchase mortgage is being introduced to the Core range:
- 5 year fixed rate First Time Buyer 5.29%, 90% LTV, no product fee
Rate changes
In the Core range the following rate and fee changes are being introduced for residential purchase and remortgage deals:
- 2 year fixed rate decreasing to 3.05% from 3.19%, 70% LTV, no product fee
- 2 year fixed rate decreasing to 2.75% from 3.39%, 75% LTV, £995 product fee
- 2 year fixed rate decreasing to 3.15% from 3.79%, 75% LTV, no product fee
- 2 year fixed rate decreasing to 3.79% from 4.09%, 80% LTV, £995 product fee
- 2 year fixed rate decreasing to 4.09% from 4.39%, 80% LTV, no product fee
- 2 year fixed rate increasing to 2.45% from 2.29%, 70% LTV, with a product fee reducing to £995 from £1,995
- 3 year fixed rate decreasing to 2.99% from 3.39%, 75% LTV, £995 product fee
- 3 year fixed rate decreasing to 3.29% from 3.79%, 75% LTV, no product fee
- 5 year fixed rate increasing to 2.99% from 2.95%, 60% LTV, with a product fee reducing to £995 from £2,495 fee
- 5 year fixed rate decreasing to 3.09% from 3.15%, 70% LTV, £995 product fee
- 5 year fixed rate decreasing to 3.45% from 3.59%, 70% LTV, no product fee
- 2 year tracker decreasing to 3.05% from 3.09%, 70% LTV, no product fee
- 2 year tracker decreasing to 3.45% from 3.79%, 75% LTV, no product fee
- 2 year tracker decreasing to 4.09% from 4.39%, 80% LTV, no product fee
In the Current Account range the following rate and fee changes are being introduced for purchase and remortgage deals:
- 2 year fixed rate 5.99%, 90% LTV, product fee reduced to £0 from £995
- 2 year fixed rate decreasing to 6.29% from 6.39%, 90% LTV, product fee reduced to £0 from £995
In the Core range the following rate and fee changes are being introduced for buy-to-let purchase and remortgage deals:
- 2 year fixed rate increasing to 3.39% from 3.15%, 60% LTV, with a reduction in product fee to £1,495 from £2,495
- 2 year fixed rate increasing to 3.99% from 3.55%, 75% LTV, with a reduction in product fee to £1,495 from £2,495
- 2 year tracker increasing to 3.39% from 2.99%, 60% LTV, with a reduction in product fee to £1,495 from £2,495
- 2 year tracker increasing to 3.59% from 3.19%, 75% LTV, with a reduction in product fee to £1,495 from £2,495