NatWest Intermediary Solutions is reducing rates on over 30 of its residential and buy-to-let mortgage deals tomorrow (10 October).
On the residential side, the largest rate reductions are being made on the 5 year fixed rate deals:
- 39bps cut to 2.99% on the 60% LTV/£995 product fee mortgage
- 35bps cut to 3.44% on the 60% LTV/£0 product fee mortgage
- 35 bps cut to 3.54% on the 70% LTV/£0 product fee mortgage
- 34bps cut to 3.25% on the 70% LTV/£995 mortgage
The rates on both its Help to Buy: mortgage guarantee scheme deals – a two and a five year fixed rate at 95% LTV – will come down by 20bps.
Mark Bullard, head of sales, NatWest Intermediary Solutions said: “We’ve enjoyed great support from the mortgage intermediary sector this year which has resulted in us being able to significantly increase our lending. Our appetite for mortgage lending remains high so I am really pleased that we are able to unveil such an eye-catching selection of rate reductions.
“The 60% LTV deals are particularly attractive now that we have a sub-2% two year fixed and sub-3% five year fixed and I am sure that the rate cuts to our two Help to Buy: mortgage guarantee scheme products will be warmly welcomed.
“The combination of reliable service, strong affordability, the enhanced proc fees we brought in last week and this rate change offers intermediaries a compelling reason to do more business with us.”