NatWest Intermediary Solutions has made sweeping reductions to its mortgages range, with rates being cut by up to 94 basis points.
Two-year fixed rates have been reduced by up to 0.54 per cent, with a 75 per cent LTV deal down from 2.47 per cent to 1.93 per cent. At 90 per cent LTV a two-year fix is down 32 basis points to 3.65 per cent.
Rates for three-year fixes have also been cut with a fee-free 90 per cent LTV product reduced 70 basis points to 4.19 per cent. A 75 per cent LTV version has been slashed 61 basis points to 2.98 per cent.
The biggest reduction is to a five-year fix available to 90 per cent LTV, which has been cut 94 basis points to 4.39 per cent with no fee.
NatWest has also launched a range of ‘high-fee/low-rate’ 60 per cent LTV mortgages starting from 1.49 per cent.
The headline rate is offered on a two-year fixed rate, while a three-year version is offered at 1.99 per cent. A five-year fixed rate at 60 per cent LTV is priced at 2.49 per cent and a two-year tracker is available at 1.39 per cent.
All of the new products carries a £1,495 fee and are available for a maximum loan of £750,000.
NatWest Intermediary Solutions head of sales Mark Bullard says: “We have responded to market demands for a greater choice of higher fee, lower rate mortgages with our new two-, three- and five-year deals. The huge number of rate reductions we have introduced will ensure we retain a competitive market offering for intermediaries.”