NatWest cuts rates and changes fees

NatWest Intermediary Solutions has launched a range of new fixed rate purchase and remortgage loan deals and introduced a number of rate reductions and fee changes across its product range, including a new rate of 2.95 per cent for is five year fixed rate with a 60 per cent loan to value.

The new purchase and remortgage deals are a two year fixed with a 3.8 per cent rate, available on a 75 per cent LTV, as well as a five year fixed with a 3.69 per cent rate, available on a 60 per cent LTV. Both deals have no fee.

In addition, a number of rate and fee changes has been made to its purchase and remortgage deals in the existing product range. Two year fixes, ranging from 60-75 per cent LTV, have seen rates cut by 0.14 per cent to 0.2 per cent and a five year fixed deal on a 60 per cent LTV has seen its rate cut by 1.04 per cent to 2.95 per cent but it has an increased fee of £2,495. Other fees have been reduced to £995.

Mark Bullard, head of sales at NatWest Intermediary Solutions, said: “I am pleased that we have been able to refresh our product range to offer a portfolio of improved rates in the 60 per cent and 75 per cent LTV brackets.

“With the mix of rate and fee combinations, we have brought more flexibility to the range that will ultimately give all intermediaries and their clients’ greater choice.”