Rates will be cut on its residential 2, 3 and 5 year fixed rate deals, 2 year trackers and first time buyer mortgages across the spectrum of LTVs from 60%-95%. And there are rate reductions on its buy-to-let 2, 3 and 5 year fixed rate and tracker deals. In total, 87 purchase and remortgage deals will be reduced.
Its first time buyer deals and high LTV mortgages will see a number of rate cuts, with the largest reductions being made on the 5 year fixed rate 85% LTV/£995 product fee deal where there is a 70bps cut and on the 5 year 90% LTV/£995 product fee deal which is coming down 91bps. The rates on the two Help to Buy 95% LTV mortgages have been reduced – the 2 year fixed coming down 10bps to 5.15% and the 5 year fixed decreasing 30bps to 5.39%.
Mark Bullard, Head of Sales, NatWest Intermediary Solutions said:
“We have refreshed our range of intermediary mortgages to offer brokers a more attractive 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.”
