NatWest makes rate changes to resi and BTL deals

NatWest Intermediary Solutions has made rate changes to its core and semi-exclusive residential and buy-to-let mortgage products which will be effective from tomorrow (Wednesday 16 January).

The rate changes include rate decreases of up to 21bps on selected five-year high value remortgage deals; rate decreases of up to 50bps on selected two-year remortgage deals; and rate decreases of up to 50bps on selected five-year remortgage deals.

For buy-to-let remortgage products there are rate decreases of up to 50bps on both two-year rate deals and five-year rate deals. There are also rate decreases of up to 28bps and fee decreases on selected 60 per cent, 70 per cent and 75 per cent deals.

Semi-exclusive remortgage products include two new 90 per cent loan-to-value two-year deals, while some two-year fixed rate deals have been withdrawn.

NatWest Intermediary Services head of sales Mark Bullard (pictured) says: “We’ve taken this opportunity to review our proposition to ensure it is in line with current market conditions. We have been able to make some significant rate reductions, emphasising our intent to make 2019 a successful year.”

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