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NatWest cuts fixed and tracker mortgage rates

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  • 25/05/2012
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NatWest cuts fixed and tracker mortgage rates
NatWest Intermediary Solutions is introducing a quartet of new deals to its core products and reducing rates on the rest of its range.

The new range includes an 18 month tracker at 3.39%, available at 75% loan to value for both purchase and remortgage.

Also introduced is a five-year fixed rate at 4.09%, available at 60% LTV for both purchase and remortgage. All new deals are subject to a £999 fee.

NatWest will also trim rates by 0.10% on a number of two-year fixed rate deals in its core and a five-year fixed rate in its corporate range.

Mark Bullard, head of sales at NatWest Intermediary Solutions, said: “By closely monitoring the market we are able to actively manage our portfolio to support our intermediary business partners.

“I am pleased that we are able to extend further our range of mortgages to more intermediaries by introducing some new deals to our core range.”

The new deals are:

Core range
• 5 year fixed rate 4.09%, 60% LTV with a £999 fee, purchase only
• 5 year fixed rate 4.09%, 60% LTV with a £999 fee, remortgage
• 18 month tracker 3.39%, 75% LTV with a £999 fee, purchase only
• 18 month tracker 3.39%, 75% LTV with a £999 fee, remortgage

Deals reduced by 0.10%:

Core range
• 2 year fixed rate, 60% LTV, purchase mortgage will decrease to 3.49% from 3.59%
• 2 year fixed rate, 60% LTV, remortgage will decrease to 3.55% from 3.65%
• 2 year fixed rate, 75% LTV, purchase mortgage will decrease to 3.79% from 3.89%
• 2 year fixed rate, 75% LTV, remortgage will decrease to 3.85% from 3.95%
• 2 year fixed rate, 75% LTV, purchase & remortgage will decrease to 3.99% from 4.09%, £499 fee limited to £100,000 loan

Corporate range
• 5 year fixed rate, 60% LTV, purchase & remortgage will decrease to 3.99% from 4.09%

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