"The multitude of rate reductions we are introducing, across a broad spectrum of LTVs from 60-95%, reflects our continued appetite to accept high volumes of mortgage applications."
Its first-time buyer only two-year fixed rate deals are reducing by between 14-47bps; 2 year fixed rate deals are coming down between 9-79bps; 3 year deals are falling between 10-58bps; and 5 year fixed rates deals are being cut between 7-16bps.
First-time buyer only rates are now available from 2.31% at 80% LTV, with an 85% LTV rate seeing the largest reduction of 47bps from 2.87% to 2.40%.
For purchases, 60% LTV rates have seen cuts of 79bps from 2.54% to 1.75% fixed for two years, and a 58bp cut from 2.56% to 1.98% fixed for three years.
Mark Bullard, Head of Sales, NatWest Intermediary Solutions said: “The multitude of rate reductions we are introducing, across a broad spectrum of LTVs from 60-95%, reflects our continued appetite to accept high volumes of mortgage applications. When you combine these new attractive rates with the robust service we are able to offer, it presents brokers with a pretty compelling set of reasons to recommend NatWest to their customers.”
