NatWest reveals rates revamp

mortgage, calculatorNatWest is to reduce rates across its core and semi-exclusive ranges of both residential and buy-to-let mortgages and remortgages.

Rates on residential mortgages are being reduced by up to 35bps and on buy-to-let deals by up to 61bps.

Shared equity and Help to Buy products are to have their rates reduced by up to 42bps, while first-time buyer rates on five-year products are being cut by up to 22bps.

The rate changes will take place from tomorrow.

Alongside the rate cuts a new buy-to-let two-year fixed rate at 60 per cent LTV is being launched at 2.08 per cent with no fee.

NatWest head of sales Mark Bullard says: “We have had a great start to the year. Our recent announcement about our new BDM partnership model has been very well received by the broker community who will now have a field and a phone BDM supporting them.

“We are looking forward to an exciting year ahead, delivering a continued excellent level of service to mortgage advisers.”

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