NatWest launches new fixed rates
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NatWest Intermediary Solutions has added three mortgages to its corporate range and made several rate reductions to both its core and corporate ranges.
The three new products are a 2-year fixed rate purchase and remortgage, 75% LTV with an initial rate of 3.39% and no fee; a 2-year fixed rate remortgage, 85% LTV with an initial rate of 4.49% and no fee; and a 2-year tracker purchase and remortgage, 85% LTV with an initial fee of £999.
Also in its corporate range it has made a number of rate reductions.
The 2-year fixed rate first-time buyer cashback 90% LTV purchase mortgage has been reduced by 0.60% to 4.99%; the 2-year fixed rate 90% LTV purchase mortgage has been cut by 0.60% to 4.99%; the 2-year fixed rate 60% LTV purchase and remortgage has come down 0.20% to 2.75%; and the 5-year fixed rate 60% LTV purchase and remortgage has been reduced by 0.20% to 3.79%.
In its core range it has cut the rates on four products. The 2-year fixed rate 75% LTV purchase and remortgage has been reduced by 0.20% to 3.19%; the 2-year fixed rate 80% LTV purchase and remortgage has come down by 0.30% to 3.49%; the 2-year fixed rate 85% LTV purchase and remortgage has been cut by 0.30% to 4.09%; and the 5-year fixed rate 90% LTV purchase mortgage has been reduced by 0.20% to 5.89%.
Mark Bullard, head of sales at NatWest Intermediary Solutions, says: “The introduction of the three new products in the mid-LTV range complements the rate changes we have made to the rest of the mortgages in our core and corporate ranges in the high and low LTV categories.
“This offers intermediaries an attractive choice of keenly priced mortgages catering for the majority of customers’ residential requirements whether they are first-time buyers, moving home or remortgaging.”
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