NatWest reduces rates on 90% LTV fixed rates

NatWest Intermediary Solutions will be reducing the rates on a number of its fixed rate mortgages tomorrow, including its 90% LTV products, in both its core and corporate ranges. It is also reducing the rates on its 60% LTV buy-to-let mortgages.

In the core range, the rate on its five-year fixed rate, 90% LTV, purchase mortgage, will decrease by 0.24% from 6.35% to 6.09%.

Its two-year fixed rate, 80% LTV, purchase and remortgage product will reduce by 0.10% from 3.79% to 3.69% and its two-year fixed rate, 75% LTV, purchase and remortgage product will reduce by 0.10% from 3.29% to 3.19%.

The 60% LTV buy-to-let purchase and remortgage deals in its core range will also see rate reductions. The rates on its two-year fixed rate products will reduce from 3.99% to 3.79% and the two-year tracker products will reduce from 3.49% to 3.39%.

In its corporate range, the rate on its two-year fixed rate, 90% LTV, purchase mortgage will come down 0.10% from 5.79% to 5.69%.

Two of its tracker mortgages will see rate increases. They are the core range’s 18 month tracker, 75% LTV, purchase and remortgage product, whose rate will increase by 0.10% from 2.69% to 2.79% and the fee will also increase to £999 from £499.

Its corporate range two-year tracker, 60% LTV, purchase and remortgage product rate will increase by 0.16% from 2.29% to 2.45%.

Graham Felstead, head of intermediary channel, NatWest Intermediary Solutions, says: “We have continued to support the first time buyer market by offering 90% LTV mortgages and accepting applications from government-backed shared equity schemes, so I am delighted with the rate reductions on our 90% LTV mortgages in both our core and corporate ranges.”