It is reducing the rate on its ‘no product fee’ 85% LTV, 2 year fixed rate by 0.10% from 3.75% to 3.65%. And, it is making a small increase on the rates of its two 5 year fixed rate 60% LTV deals.
The residential purchase and remortgage fixed rate deal that is having its rate reduced is:
- 2 year fixed rate decreasing to 3.65% from 3.75%, 85% LTV, no product fee
The residential purchase and remortgage fixed rate deals that are having their rates increased are:
- 5 year fixed rate increasing to 2.95% from 2.88 %, 60% LTV, £995 product fee
- 5 year fixed rate increasing to 3.25% from 3.19%, 60% LTV, no product fee
Mark Bullard, Head of Sales, NatWest Intermediary Solutions said:
“It’s been a great start to the year reflecting the confidence intermediaries currently have for the mortgage market’s prospects. These changes enable us to achieve a good balance of business in terms of LTV and volume”.
