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NatWest launches 90% LTV fix exclusively for LSL

NatWest Intermediary Solutions has launched an exclusive two-year 90% LTV deal for the LSL Group.

The mortgage for LSL, which includes Pink Home Loans and First Complete networks, is available for purchases at 5.99% with a £999 fee.

The lender is also launching two 85% LTV fixed rate mortgages.

The 85% LTV mortgages will be a two-year fixed rate purchase and a two-year fixed rate remortgage, both offering an initial rate of 5.29% with a fee of £999.

The core range two year fixed rate 80% LTV purchase mortgage will see its rate reduced by 0.1% from 4.49% to 4.39%.

But a number of other core range products will see their rates increase between 0.1%-0.4%.

Mark Bullard, head of sales at NatWest Intermediary Solutions, says:“Following dialogue with our intermediary partners, we are pleased to introduce the two new 85% LTV products which now gives us a very broad range of mortgages across the LTV mix from 50% right up to 90%.

“We have been delighted with the demand from intermediaries for our products so far this year and will continue to build on the success of our joint efforts to improve application packaging which helps us to preserve our service standards and speed to offer.”



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  • David Sheppard, Perception Finance 10th February 2011 at 3:08 pm

    Anonymous 09/02/2011 – 3.56pm:

    The cost of offering fixed rates at 90% LTV is not driven by the base rate (or any LTV for that matter).

    Any lender looking to offer mortgages with a 10% deposit has to hold significantly more capital for these deals as part of their regulatory requirements. In order to counter balance this, the rates charged have to be higher to make the profitability of the deal stack up.

    Until there is a reduction in these capital adequacy rules, the costs of borrowing at this level will stay high and the base rate has nothing to do with it.

  • Christopher Neal 10th February 2011 at 11:52 am

    It should be pointed out that the LSL Network includes the estate agent Your Move, so that any readers know where they can get this deal.

  • Christopher Neal 10th February 2011 at 11:48 am

    It should be pointed out that the LSL Network includes the estate agent Your Move, so that any readers know where they can get this deal.

  • abc 9th February 2011 at 3:56 pm

    It really does illustrate the state of our current mortgage market when a high st bank grabs the headlines for launching a 90% LTV rate 12 times that of BoE base rate with a £1000 arrangement fee for the pleasure!

  • Mark Finnegan 9th February 2011 at 3:50 pm

    Good luck at 90% with NatWest…
    I did two 90% cases with them last week – both got accepted at AIP stage no problem (via MTE, their recommended system for “accurate decisions”) however I got called two days later to say that they had both failed the credit score.
    My BDM can’t understand it at all.