Mortgage News
NatWest set to cut rates on three-year fixes
NatWest Intermediary Solutions is set to reduce rates on its three-year fixed rate £995-fee mortgage products on selected deals up to 90% loan-to-value (LTV) from tomorrow.
Highlights from the rate cuts include a 70% LTV mortgage which has been reduced from 2.25% to 2.18%. At 80% the rate has been cut from 2.68% to 2.48% and at 90% the rate has dropped from 3.89% to 3.73%.
The three-year fixed rate products are available for residential purchases and remortgages.
Paul Kane, acting head of sales, NatWest Intermediary Solutions, said: “2015 has been a record year so far for us with mortgage applications from intermediaries continuing to grow. Tomorrow’s rate reductions come on hot on the heels of the introduction recently of our new emailing of customer documentation facility which has been very well received.”
Mortgage Solutions reported NatWest’s intention to allow brokers to email client documents at The Buy to Let Market Forum hosted in April.
Speaking at the event, senior corporate manager Dave Toulson said NatWest would be getting a new online system for brokers in 2016.
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