The range is available to mortgage applicants who have an active NatWest or RBS current account that was open on 1 July 2012 and is still open at the time the application is accepted.
The products are all available as purchase mortgages and remortgages and include:
– Two-year fixed rate, 3.99% (APR 4.2% purchase/4.2% remortgage, SVR 4.0%), 80% LTV, with a £995 product fee
– Two-year fixed rate, 4.29% (APR 4.4%/4.1%, SVR 4.0%), 80% LTV, with no product fee
– Two-year fixed rate, 5.75% (APR 4.5%/4.5%, SVR 4.0%), 90% LTV, with a £995 product fee
– Five-year fixed rate, 4.59% (APR 4.5%/4.4%, SVR 4.0%), 80% LTV, with a £995 product fee
– Five-year fixed rate, 4.89% (APR 4.5%/4.5%, SVR 4.0%), 80% LTV, with no product fee
– Five-year fixed rate, 6.09% (APR 5.1%/5.1%, SVR 4.0%), 90% LTV, with a £995 product fee
– Two-year tracker, 4.29% (NatWest Bank Base Rate +3.79%) (APR 4.2%/4.1%, SVR 4.0%), 80% LTV, with no product fee
In the lender’s main range, the products that were previously in the current account range are being moved to the main bank range. All the mortgages in this range have £250 cashback.
The main bank range is available where at least one applicant has an active NatWest or RBS current account into which a minimum of £1,000 must have been paid for the last three months.
The main changes to the mortgages in this range include:
The rates on the five-year fixed rate products are reducing by 0.10% while the rates on the two-year fixed rate and tracker products are reducing by up to 0.20%.
The fee on the five-year fixed rate, 60% LTV, purchase and remortgage is decreasing by £300 to £2,195. The rates on the three 80% LTV products have increased by up to 0.20%.
A number of rate and fee changes are also being made to the core range:
The lender will now offer a five-year fixed rate 4.09% (APR 4.3% purchase/4.2% remortgage, SVR 4.0%), 75% LTV, with a £995 product fee.
The lender’s two, three and five-year fixed rate and 2 year tracker at 60% & 75% LTVs will be reduced by up to 0.20%.
The fee on the five-year fixed rate, 60% LTV, purchase and remortgage is decreasing by £300 to £2,195, while the rates on the 18 month and two-year tracker products at 75% LTV are going up by 0.10% and 0.16% respectively.
Mark Bullard, head of sales, NatWest Intermediary Solutions said: “The introduction of the higher LTV mortgages to our current account range means that we have an extensive choice of products for intermediaries across a broad range of LTVs and terms.
“For those applicants that already have an existing banking relationship with NatWest or RBS, there are added benefits to be had from the main bank and current account ranges. And for those applicants who don’t, we still have a good variety of mortgages in our core range.”
