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.”