NatWest reintroduces 90% FTB mortgage at 5.29%

NatWest Intermediary Solutions is reintroducing its 5.29 per cent five-year fixed rate, first-time buyer mortgage at 90 per cent LTV with no product fee.

Natwest

The lender is also cutting rates on a number of its residential mortgage by up to 0.64 per cent from tomorrow and removing product fees on its 90 per cent LTV current account range deals.

The rate on the two-year fix up to 75 per cent LTV is being cut from 3.39 per cent to 2.75 per cent with a £995 product fee.

NatWest head of sales Mark Bullard says: “We have a real appetite to increase the amount that we lend this year through the intermediary channel which is why we are able to offer such a comprehensive range of deals across the LTV bands from 60-90 per cent. I am particularly pleased to reintroduce the 5 year 90 per cent LTV first-time buyer mortgage which proved to be very popular with intermediaries when we had it in our range previously.

“The new 2.29 per cent two year fixed rate deal bolsters what is a strong sub-60 per cent LTV offering. And, the improvements we have made to the overall value of our buy-to-let products by rebalancing the fees and rates gives brokers more choice with their clients.”

Selected buy-to-let mortgages have had their product fees reduced by £1,000.