NatWest Intermediary Solutions has unveiled two new five-year fixed rate remortgages and cut rates on a further five deals.
It has added a five-year fixed rate remortgage to its core range, with an initial rate of 3.75%, up to a maximum LTV of 50%, with a £699 fee and a five-year fixed rate no fee remortgage with an initial rate of 3.99%, up to a maximum LTV of 60%.
Also in its core range, it is reducing the rate on its two-year 60% LTV tracker mortgage from 2.19% to 1.99% which has a £999 fee.
In its corporate range it is cutting the rates on both its two-year fixed rate purchase and remortgage products from 3.19% to 2.75%. Both carry a fee of £699 and a maximum LTV of 60%.
In addition, the rate on the no fee two-year tracker remortgage will reduce from 2.65% to 2.35%, for cases up to a maximum LTV of 60%.
Also, the exclusive two-year no fee fixed rate purchase mortgage for Personal Touch will be reduced from 3.39% to 2.95%.
Graham Felstead, head of intermediary channel, NatWest Intermediary Solutions, said: “The introduction of our new five year fixed rate remortgages means that we now offer intermediaries a much greater choice of options to present to those of their clients who are considering remortgaging. We believe that the attractive rates on offer will help brokers to approach clients who are currently on SVRs prompting them to think about taking a longer term remortgage deal.””
