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NatWest launches new mortgage deals and cuts rates across broker range

  • 26/01/2015
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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.”

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