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Natwest withdraws Help to Buy deals; Platform ups rates – round-up
Natwest has removed new business residential Help to Buy shared equity deals effective from today.
This includes four two-year fixed rate purchase deals and four five-year fixed rate purchase deals.
Prices for two-year fixed rates started from 4.73 per cent and five-year fixed rates begin from 4.29 per cent.
It also covers fee-free and deals with £995 product fee. The deals with the product fee came with £250 cashback.
Mortgage illustrations and applications for existing deals needed to be submitted by 10:30pm on 3 March.
The lender said that if a broker was unable to submit an application online due to a technical issue that cannot be resolved over the phone then they should email their business development manager (BDM) by midday today.
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Platform ups rates by as much as 0.39 per cent
Platform has relaunched its mainstream and buy-to-let deals for new business and product switching, increasing rates by as much as 0.39 per cent.
This is after the lender pulled its entire mortgage offering on 23 February.
In its new business range, mainstream five-year fixed rate at 60 to 80 per cent LTV deals have been increased by as much as 0.37 per cent.
Two-year fixed rates are upped by 0.38 per cent, three-year fixed rates and five-year fixed rates will rise by 0.37 per cent.
Two-year fixed rates in its professional mortgage range has increased by 0.39 per cent and five-year fixed rates will go up by 0.37 per cent.
Help to Buy deals for the Welsh scheme have risen by up to 0.39 per cent, with two-year fixed rates going up 0.39 per cent and five-year fixed rates increasing by 0.38 per cent.
On the product switch side, mainstream two, three and five-year fixed rates have increased by around 0.15 per cent.
Help to Buy two-year fixed rates have gone up by around 0.39 per cent and three and five-year fixed rates have risen by around 0.38 per cent.
Two-year buy-to-let and premier buy-to-let deals have been reintroduced.
Almost all its fee-free and £999 fee deals remain withdrawn but £1,4999 and £1,999 fee products have been brought back.