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NatWest cuts residential fixes by up to 0.25%

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NatWest Intermediary Solutions is cutting rates on its fixed rate standard house purchase products by up to 0.25 per cent.

The cuts come in on the lender’s two-, three- and five-year fixes as well as the firm’s residential remortgage fee-based loans.

Within the residential purchase range, rates have been reduced between 5-25 bps on the two-year fixed rate deals and between 6-24 bps on the five-year fixed rate deals.

The three-year fixed rate 60 per cent LTV fee product is also reducing by 6 bps.

Rates on the standard residential remortgage three-year fixed rate 60 and and 70 per cent LTV fee products are reducing by 5 bps.

The broker-only lender’s standard buy-to-let two-year fixed range for purchase and remortgage products by 19-23 bps.

The lender is also reducing the rate for first-time buyers using the Help to Buy: Mortgage Guarantee Scheme by 10bps to 3.81 per cent on its 95 per cent LTV two-year fixed no fee product.

NatWest Intermediary Solutions head of sales Mark Bullard says: “Having broadened our product range in recent months, I am delighted that we are able to introduce a significant number of rate reductions – between 5bps – 25bps – across the full LTV range.”

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