NatWest introduces 90% LTV mortgages to core range

NatWest Intermediary Solutions is making two of its 90 per cent LTV mortgages available to all new applicants.

A two-year fixed rate of 5.99 per cent up to 90 per cent LTV, with no product fee is being moved to the core range from the current account range. Applicants will no longer be required to hold an account with NatWest to access either this product or a five-year fixed rate of 6.29 per cent up to 90 per cent LTV.

A number of new products are also being launched tomorrow including a two shared equity purchase deals.

A two-year fixed rate of 3.15 per cent up to 75 per cent with no fee is being introduced as a shared equity deal along with a five-year fixed rate of 4.29 per cent up to the same LTV and with no fee.

Three-year fixed rates of 2.55 per cent and 2.89 per cent, both up to 60 per cent LTV, are being added to the core range, where the former requires a £995 fee.

NatWest Intermediary Solutions head of sales Mark Bullard says: “We have taken the opportunity to simplify our portfolio by making all our deals available in our Core range. This means the 90 per cent LTV mortgages, that proved popular with those applicants who banked with NatWest or RBS, are now open to all clients.

“The new 3 year deals being launched give brokers greater choice in the 60 per cent LTV sector and by sharpening up our 2 and 5 year 60 per cent LTV deals we can offer intermediaries some of the best rates on the market. The changes we are introducing mean that we will now have an even broader spread of deals to accommodate clients at pretty much all levels of the LTV spectrum.”

The rate on a two-year fix at 2.29 per cent up to 60 per cent LTV is being cut to 2.25 per cent, along with a five-year fix of 2.99 per cent to 2.95 per cent at the same LTV. Both require a £995 product fee.