The two-year fixed 90% LTV product with a £995 fee has dropped by 10 basis points (bps) from 4.89% to 4.79%. This reflects a move to secure lower-deposit new business.
Its two-year fixed remortgage at 75% LTV was cut by 31bps, from 5.15% down to 4.84%, for both standard and no free legal (with £350 cashback) options.
NatWest’s Green range was leveraged to offer significantly low pricing. Its two-year 60% LTV green remortgage has dropped by 20bps to 4.43%.
Most of the buy-to-let (BTL) adjustments are modest. Most of NatWest’s core two- and five-year BTL fixed rates were trimmed by 2-6bps.
However, the 75% LTV fee-free five-year fixed BTL remortgage has seen a larger 15bps reduction from 5.05% to 4.9%.
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NatWest has made cuts across its additional borrowing (ADBO) range.
For clients looking for short-term solutions, the low-to-mid-LTV tiers have seen substantial cuts.
Its 75% LTV fee-free range was slashed by 31bps from 5.15% to 4.84%.
The five-year fixed ADBO tiers received double-digit cuts, too.
The 80% and 85% LTV options with a £995 fee were both dropped by 14bps to 4.79%.
Plus, its 75% LTV fee-free rate was reduced by 23bps from 5% to 4.77%.
Overall, NatWest’s ADBO products are priced identically to the core range.
Newbury BS launches summer sale
It announced a series of rate reductions and product enhancements across its mortgage range, providing brokers with greater choice and flexibility for residential, shared ownership and BTL clients.
Rather than a single flat rate, Newbury Building Society has introduced distinct product pricing.
Existing borrowers receive the largest discount at standard variable rate (SVR) minus 1.81% to 4.19%.
Across its residential range, products sit around the 5% mark.
The three-year fixed rate at 75% LTV was reduced to 4.99% for new business. For existing borrowers, it was reduced further to 4.89%.
Across its shared ownership range, it offers flat pricing.
For high-LTV fixed rates at 95% loan to share, rates sit at 5.24% across its two-, three- and five-year fixed products.
Newbury Building Society has also strengthened its BTL proposition for individual borrowers, enhancing discounted variable rates across its three- and five-year discount products.
Karen Smith, head of intermediary sales, said: “These latest product changes show our commitment to supporting brokers and their clients with flexible products and a lending approach that takes the whole story into account.
“We’re pleased to be reducing rates across a number of our key products while also introducing additional options that provide greater choice and value.
“At the heart of everything we do is a common-sense, flexible approach to lending. We know clients don’t always fit neatly into a box, and our experienced team works closely with brokers to understand individual circumstances and find solutions that work.
“As market conditions continue to evolve, we’re focused on helping brokers make the most of every opportunity with products and service they can rely on.”
