NatWest Intermediary Solutions will be increasing fixed rates by between 0.1 per cent and 0.4 per cent on a number of its fixed rate residential purchase and remortgage deals tomorrow (24 April).
The majority of the lender’s fixed rate deals that are being changed will be increased by 0.3 per cent or less.
NatWest Intermediary Solutions is launching two new three-year fixed rate deals and a sub-2% 2 year tracker to its residential intermediary mortgage range tomorrow, along with a number of rate changes.
The new residential purchase and remortgage deals are a three-year fixed rate of 3.09 per cent at 80 per cent loan-to-value with a £995 product fee, a three-year fixed rate at 3.75 per cent at 80 per cent LTV with no product fee and a two-year tracker at 1.95 per cent at 70 per cent LTV with a £995 product fee.
However the lender bucks the trend with it’s three-year fixed rate 85 per cent LTV deal decreasing by 0.4 per cent from 4.35 per cent to 3.95 per cent.
Mark Bullard, head of sales at NatWest Intermediary Solutions, said: “It has been a tremendous start to the year and we are delighted with the level of support we have received from intermediaries.
“The prevailing market conditions mean that we have had to raise rates on a number of mortgages in our residential range but I am pleased that we have been able to add three new deals to maintain such a comprehensive choice.
“Having two sub-2 per cent two year tracker products in our portfolio also provides brokers with different options for their clients.”
Keystone Buy to Let Mortgages and Coventry Building Society also announced changes to their mortgage offerings today.
