Only three lenders brought new deals to market this week, although Natwest Intermediary Solutions made up for that with 20 changes across its range.
The bank’s adviser arm cut rates by between nine and 23 basis points on its two and five-year fixed and two-year tracker buy-to-let deals. Rates will also decrease on a number of its residential 90 and 95 per cent loan-to-value deals, including a 46bps cut on the five-year fixed rate 95 per cent LTV mortgage.
There were also a couple of small rate increases on its two-year 70 per cent LTV deals.
Paul Kane, acting head of sales at the lender, said that they continue to have a healthy appetite to grow in the buy-to-let market and have been working alongside broker partners to improve the proposition.
“These rate changes should provide a good indicator of our intent to make further progress with buy-to-let business for the reminder of this year and into 2016.
Meanwhile, Teachers Building Society lowered the rate on its new buy-to-let products, down as low as 2.59 per cent.
The deals, available direct and through intermediaries, include a remortgage-only product free from arrangement or valuation fee and free legals for standard remortgages.
James Bawa, chief executive at the society, said: “We are constantly amending our products to make sure they suit the needs of our customers – teachers and Wessex residents – and to ensure we provide the best rates and discounts that we can to meet these ever-changing needs.”
Here are all the rates that were publicly announced this week:
| Lender | LTV/Type | Headline Rate | Product Fee |
| Natwest Intermediary Solutions | 60%/2-year tracker | 1.73% | £1,995 |
| Natwest Intermediary Solutions | 60%/5-year fixed | 3.33% | £1,995 |
| Natwest Intermediary Solutions | 60%/5-year fixed | 3.79% | £0 |
| Natwest Intermediary Solutions | 60%/2-year fixed | 2.02% | £1,995 |
| Natwest Intermediary Solutions | 70%/2-year tracker | 1.63% | £995 |
| Natwest Intermediary Solutions | 70%/2-year fixed | 1.73% | £995 |
| Natwest Intermediary Solutions | 70%/2-year fixed | 2.55% | £1,995 |
| Natwest Intermediary Solutions | 70%/5-year fixed | 3.62% | £0 |
| Natwest Intermediary Solutions | 70%/2-year tracker | 2.25% | £1,995 |
| Natwest Intermediary Solutions | 75%/2-year tracker | 3.34% | £0 |
| Natwest Intermediary Solutions | 75%/2-year tracker | 2.29% | £1,995 |
| Natwest Intermediary Solutions | 75%/2-year fixed | 3.64% | £0 |
| Natwest Intermediary Solutions | 75%/2-year fixed | 2.59% | £1,995 |
| Natwest Intermediary Solutions | 75%/5-year fixed | 4.58% | £0 |
| Natwest Intermediary Solutions | 75%/5-year fixed | 3.83% | £1,995 |
| Teachers Building Society | 75%/2-year fixed | 3.29% | £99 |
| Teachers Building Society | 75%/2-year fixed | 2.59% | £2098 |
| Leeds Building Society | 90%/2-year fixed | 3.29% | £199 |
| Natwest Intermediary Solutions | 90%/2-year fixed | 3.10% | £995 |
| Natwest Intermediary Solutions | 90%/3-year fixed | 3.68% | £995 |
| Natwest Intermediary Solutions | 90%/5-year fixed | 3.73% | £995 |
| Natwest Intermediary Solutions | 95%/2-year fixed | 4.37% | £0 |
| Natwest Intermediary Solutions | 95%/5-year fixed | 4.94% | £0 |
peter.walker@ft.com
