NatWest will change the rates on selected core and semi-exclusive residential products from 19 September.
Intermediary-exclusive purchase and remortgage products will see rate reductions of up to 16 base points on two-year deals and up to 12 base points on selected five-year deals.
Two-year fixed rate purchase and remortgage products at 70 per cent loan to value (LTV) will see rates reduced to 1.24 per cent. And for 75 per cent LTV the rate will reduce to 1.26 per cent. Both are down from 1.4 per cent.
Five-year fixed rate purchase deals at 60 per cent LTV will drop from 1.57 per cent to 1.54 per cent; 70 per cent LTV and 75 per cent LTV will reduce from 1.61 per cent to 1.59 per cent; and 80 per cent LTV will decrease from 1.91 per cent to 1.79 per cent.
Five-year fixed rate remortgage products at 70 per cent and 75 per cent LTV will decrease from 1.61 per cent to 1.59 per cent. And at 80 per cent LTV the rate will reduce from 1.91 per cent to 1.79 per cent.
Mark Bullard, head of sales at NatWest Intermediary Solutions (pictured), said: “These changes underline our commitment to the intermediary market. I’m pleased to make rate reductions across a wide variety of LTV bands and two- and five-year deals.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
