NatWest Intermediary Solutions will cut rates on some of its five-year residential fixed rate deals by between 20 and 28 basis points tomorrow.
The five-year fix changes are:
Residential – purchase
- 60 per cent LTV decreasing by 28bps to 2.25 per cent (APRC 3.5 per cent, SVR 4 per cent), £995 product fee
- 70 per cent LTV falling by 20bps to 2.53 per cent (APRC 3.6 per cent, SVR 4 per cent), £995 product fee
- 75 per cent LTV decreasing by 25bps to 2.63 per cent (APRC 3.8 per cent, SVR 4 per cent), £995 product fee
- 80 per cent LTV decreasing by 24bps to 2.74 per cent (APRC 3.7 per cent, SVR 4 per cent), £995 product fee
- 85 per cent LTV being cut by 28bps to 3 per cent (APRC 3.8 per cent, SVR 4 per cent), £995 product fee
But the lender will also raise rates on some of its products.
NatWest’s first time buyer residential mortgage at 90 per cent LTV will rise by 5bps to 3.65 per cent.
The APRC will be 3.9 per cent and there is no product fee.
The lender’s Help to Buy fixed-rate products will also see some rate rises.
NatWest’s two-year fixed rate mortgage at 95 per cent LTV and 3.79 per cent will increase to 3.99 per cent, with 4.1 per cent APRC and 4 per cent SVR. There is no product fee.
Meanwhile, the lender’s five-year fixed mortgage at 95 per cent LTV at 4.61 per cent will rise to 4.69 per cent.
The product will continue to have 4.4 per cent APRC and 4 per cent SVR, with no product fee.
Finally, the lender’s residential house purchase and remortgage two-year products will see rate rises.
NatWest’s 90 per cent LTV two-year product at 90 per cent LTV and 2.5 per cent will increase by 10bps to 2. per cent.
The product will keep its APRC of 3.9 per cent for purchase and remortgage, as well as its 4 per cent SVR and £995 product fee.
NatWest Intermediary Solutions head of sales Mark Bullard says: “Five-year fixed rate deals are popular with many mortgage advisers and their customers as it gives them long term certainty about their mortgage payments so we are pleased that we are able to offer them more attractive rates across the majority of our LTV options.”