NatWest reduces 85% LTV fixed rate

NatWest Intermediary Solutions is reducing the rate on its ‘no product fee’ 85 per cent loan-to-value (LTV), two-year fixed rate by 0.1 per cent from 3.75 per cent to 3.65 per cent.

The lender is also making a small increase on the rates of its two five-year fixed 60 per cent LTV deals.

One deal is increasing to 2.95 per cent, from 2.88 per cent, at 60 per cent LTV with a £995 product fee.

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The five-year fixed rate is now 3.25 per cent, up from 3.19 per cent for 60 per cent LTV, with no product fee.

Mark Bullard, head of sales at NatWest Intermediary Solutions, said: “It has been a great start to the year reflecting the confidence intermediaries currently have for the mortgage market’s prospects.

“These changes enable us to achieve a good balance of business in terms of LTV and volume.”