Natwest cuts rates on intermediary range by up to 0.94%

NatWest Intermediary Solutions will be making significant rate reductions across the vast majority of its residential mortgage range tomorrow, including its higher LTV deals for first time buyers and those using the Government Help to Buy and New Buy schemes.

Related topics:  Mortgages
Amy Loddington
26th February 2015
natwest bank

First-time buyer only fixed rate deals have seen rate cuts of between 10-66bps, including a 90% LTV 2-year fix at 3.64% and a 90% LTV 5-year fix at 4.25%.

The bank's Help to Buy deals have been cut betwen 27-54bps, across both shared equity scheme, NewBuy and mortgage guarantee products.

Fixed rate mortgages from the lender have also seen some dramatic cuts, ranging from 7bps to 94bps, and their tracker deals between 7-51bps.

The rates on its buy-to-let mortgages will be increased by 30bps. 

Paul Kane, Acting Head of Sales, NatWest Intermediary Solutions said: 

“We are pleased to be able to make such significant cuts to so many of our residential deals, especially those with higher LTVs to help first-time buyers and those using the Government schemes to secure their first properties. We continue to offer brokers a great choice of product fee and rate combinations across the LTV range from 60-90%. 

“It’s been a very busy 2015 so far. We will continue to actively manage our product range to ensure that we offer intermediaries a competitive set of deals and we maintain the correct balance of business.”

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