NatWest Intermediary Solutions revises products

NatWest Intermediary Solutions is launching three fixed rate deals and making cuts on its tracker and shared equity deals.

The products changes all relate to purchase cases and include a two-year fixed rate deal at 3.29% at up to 60% LTV and a £699 fee, and a two-year fixed rate deal at 3.84% at up to 75% LTV with a £999 fee.

The lender is also cutting its 18-month tracker deal form 2.99% to 2.89% at up to 75% LTV and reducing its shared equity deal at up to 75% LTV to 4.29% from 4.49%.

But rates are increasing for its two-year tracker deals.

The rate is going from 3.49% to 3.99% at up to 80% LTV and from 4.59 to 4.79% at up to 85% LTV. Both deals have a £999 fee.

Graham Felstead, head of intermediary channel at NatWest Intermediary Solutions, says: “I am pleased that we are able to unveil some competitive lower LTV products to complement the rest of our range, as well as being able to reduce the rates on some of our existing ones.

“Included in these rate reductions is our shared equity mortgage that has been designed specifically to cater for first-time buyers using schemes such as HomeBuy Direct to raise their deposit.”

Rates will be available from May 14 to brokers with Countrywide, Sesame and PMS, Connells including Pink Home Loans and BDS, Personal Touch Financial Services, and Legal & General Mortgage Club.

The deals are also open to brokers with Openwork and Your Move, Mortgage Next and Mortgage Intelligence, Home of Choice, Simply Biz, Concordia, Positive Solutions and Intrinsic Financial Services.