MortgagesMay 31 2016

Natwest Intermediary cuts rates across five-year range

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Natwest Intermediary cuts rates across five-year range

Natwest Intermediary Solutions is cutting rates across its five-year residential fixed mortgages by 20-28bps, and making some increases to its higher loan-to-value deals.

Five year fixed rates are popular with many mortgage advisers and their customers, as it gives them long term certainty about their mortgage payments, head of sales Mark Bullard said.

“So we are pleased that we are able to offer them more attractive rates across the majority of our LTV options.”

Residential five-year fixed rate deals

60 per cent LTV down by 28bps from 2.53 to 2.25 per cent, with a £995 product fee

70 per cent LTV down by 20bps from 2.73 to 2.53 per cent, with a £995 product fee

75 per cent LTV down by 25bps from 2.88 to 2.63 per cent, with a £995 product fee

80 per cent LTV down by 24bps from 2.98 to 2.74 per cent, with a £995 product fee

85 per cent LTV down by 28bps from 3.28 to 3.00 per cent, with a £995 product fee

In terms of the increases, the first-time buyer only five-year fix at 90 per cent LTV is up by 5bps from 3.60 to 3.65 per cent, while the five-year deal at 95 per cent LTV has risen by 8bps from 4.61 to 4.69 per cent; both with no product fee.

The Help to Buy two-year fix at 95 per cent LTV is increasing from 3.79 to 3.99 per cent, also with no product fee.

Finally, the two-year fix at 90 per cent LTV is pushed 10bps from 2.50 to 2.60 per cent, with a £995 product fee.

peter.walker@ft.com