Natwest cuts HTB rates by 0.20% in range overhaul

NatWest Intermediary Solutions will be introducing rate reductions on over thirty of its residential and buy-to-let mortgage deals tomorrow.

Related topics:  Mortgages
Amy Loddington
9th October 2014
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The majority of its 5 year fixed rated mortgages will see significant rate cuts – that includes a sub-3% deal. Other reductions are being made to its 60% LTV 2 and 3 year deals and Help to Buy: mortgage guarantee scheme 95% LTV mortgages.


On the residential side, the largest rate reductions are being made on the 5 year fixed rate deals:
 
- 39bps cut to 2.99% on the 60% LTV/£995 product fee mortgage
- 35bps cut to 3.44% on the 60% LTV/£0 product fee mortgage
- 35 bps cut to 3.54% on the 70% LTV/£0 product fee mortgage
- 34bps cut to 3.25% on the 70% LTV/£995 mortgage

The rates on both its Help to Buy: mortgage guarantee scheme deals – a two and a five year fixed rate at 95% LTV – will come down by 20bps.

Mark Bullard, Head of Sales, NatWest Intermediary Solutions said:

“We’ve enjoyed great support from the mortgage intermediary sector this year which has resulted in us being able to significantly increase our lending. Our appetite for mortgage lending remains high so I am really pleased that we are able to unveil such an eye-catching selection of rate reductions. The 60% LTV deals are particularly attractive now that we have a sub-2% two year fixed and sub-3% five year fixed and I am sure that the rate cuts to our two Help to Buy: mortgage guarantee scheme products will be warmly welcomed.

“The combination of reliable service, strong affordability, the enhanced proc fees we brought in last week and this rate change offers intermediaries a compelling reason to do more business with us.”

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