Its three-year fixed rate 70% LTV residential deal is being cut by 13bps to 2.38% and its three-year fixed rate 75% buy-to-let deal is dropping 11bps to 3.45%.
However, the lender has raised the rate on its three-year buy-to-let purchase and remortgage deal from 3.34% to 3.45% at 75% LTV with a £1,995 product fee.*****NEED TO CLARIFY***
Mark Bullard, head of sales, NatWest Intermediary Solutions, said: “Last month we made significant reductions to the majority of our mortgage deals in our intermediary range. The lower LTV market continues to be the largest and most competitive sector so we have been able to trim rates further to offer brokers even better deals for their customers.”
He continued: “2014 has been a tremendous year both for NatWest and the industry as a whole. We have taken the new MMR requirements in our stride and can look forward to 2015 with confidence knowing that the market is in a better shape than it was 12 months ago. So, on that positive note, I would like to take this opportunity to thank intermediaries for their support this year and wish everyone in the industry a very happy Christmas and a prosperous 2015.”