You are here: Home - News -

NatWest launches new mortgage deals and cuts rates across broker range

by:
  • 26/01/2015
  • 0
NatWest launches new mortgage deals and cuts rates across broker range
NatWest Intermediary Solutions is to introduce a range of higher fee and lower rate 60% loan-to-value (LTV) mortgage deals across its intermediary range.

The new deals will be available from Tuesday 26 January with the maximum loan size set at £750,000.

With product fees of £1,495, NatWest will introduce a two-year fixed rate at 1.49%, three-year fixed rate at 1.99%, five-year fixed rate at 2.49% and two-year tracker at 1.39%.

Wholesale rate reductions have also been made to the vast majority of its intermediary mortgages. Highlights include rate cuts of between 8-54bps on its two-year fixed rate deals and reductions of between 9-94 bps on its five-year fixed rate deals.

Rates for its first-time buyer exclusives have been reduced between 26-88bps.

The lender has also slashed rates for its 95% LTV government Help to Buy and New Buy scheme deals, with a 20bps reduction on its two-year fixed rate to 4.95% and its five-year fixed rate reduced to 5.25%.

Rates on its Help to Buy shared equity scheme will also be cut from 3.39% to 2.93% for its two-year fixed rate and its five-year fixed rate reduced from 3.79% to 3.69%. Both have an LTV of 75%.

Mark Bullard, head of sales, NatWest Intermediary Solutions (pictured), said: “We have responded to market demands for a greater choice of higher fee/lower rate mortgages with our new two, three and five-year deals.

“And the huge number of rate reductions we are introducing will ensure that we retain a competitive market offering for intermediaries. These rate cuts have been made right across our LTV bandings from 60-95% LTV and also across our product fee and no product fee ranges.”

There are 0 Comment(s)

You may also be interested in

Read previous post:
Andy Gray
Barclays allows landlords to use own income to top up rent

Landlords will be allowed to use personal income when submitting an application to Barclays to bolster any shortfall in rent...

Close