MortgagesNov 20 2014

Natwest cuts rates across intermediary range

twitter-iconfacebook-iconlinkedin-iconmail-iconprint-icon
Search supported by

Natwest Intermediary Solutions will introduce rate reductions to the majority of its core intermediary range tomorrow (21 November)

Rates will be cut on its residential two, three and five-year fixed rate deals, two-year trackers and first-time buyer mortgages across the spectrum of loan-to-values from 60 per cent to 95 per cent.

Rates will also lower on its buy-to-let two, three and five-year fixed rate and tracker deals. In total, 87 purchase and remortgage deals will be reduced.

First time buyer deals and high LTV mortgages will see several rate cuts, with the largest reductions being made on the five-year fixed rate 85 per cent LTV £995 product fee deal, where there is a 0.7 per cent cut; and on the five-year 90 per cent LTV £995 product fee deal, which is coming down 0.91 per cent.

Two Help to Buy 95 per cent LTV mortgages have also been reduced: the two-year fixed coming down 0.10 per cent to 5.15 per cent and the five-year fixed decreasing 0.30 per cent to 5.39 per cent.

Mark Bullard, head of sales for Natwest Intermediary Solutions, said the range was refreshed to offer brokers more choice.

“We are introducing rate cuts right across the LTV range, so whether intermediaries are dealing with first-time buyers, second or third-time movers, remortgagers or buy-to-let investors, there’ll find that the majority of our mortgages now offer even better value.”

peter.walker@ft.com