Natwest Intermediary Solutions is introducing rate reductions of between 10 to 40 basis points on residential and buy-to-let mortgage deals from tomorrow (12 August).
On the residential side, its two-year fixed rate 85 per cent loan to value mortgage will be cut by 40bps from 3.59 per cent to 3.19 per cent and its Help to Buy mortgage guarantees scheme deal at 95 per cent LTV will fall by 24bps from 5.69 per cent to 5.45 per cent.
For buy-to-let, the five-year 60 per cent LTV product will be reduced by 20bps from 4.79 per cent to 4.59 per cent.
Mark Bullard, head of sales at Natwest Intermediary Solutions, said: “With the intermediary mortgage market continuing its buoyancy I am delighted that we are able to introduce rate cuts to over 20 of our deals.
“Our portfolio offers a broad spectrum of LTVs and tomorrow’s rate changes will cover both the higher and lower ranges in sectors that we have enjoyed much success this year, namely the Help to Buy mortgage guarantee scheme and buy-to-let.”
