NatWest introduce higher LTV mortgage deals

NatWest Intermediary Solutions has launched several new high LTV mortgage deals available to intermediaries, whilst reducing rates across other core and first time buyer products.

Related topics:  Mortgages
Amy Loddington
5th July 2013
Mortgages
First time buyers will benefit from a new 4.65% 3-year fixed product available up to 90% LTV. Additions to Natwest's core include a 3.49% 2-year fixed rate available up to 85% LTV and a 4.69% 5-year fixed rate for up to 85% LTV.

There will also be a number of reductions across the range, most notably the banks 85% LTV, 2-year fixed, first time buyer product which will drop from 3.99% to 3.79%.

Mark Bullard, head of sales at NatWest Intermediary Solutions, comments:

"With the introduction of these new 85% and 90% LTV deals, we now have a fantastic product proposition across multiple LTV bands.

"The focus we have had recently on the first-time buyer market continues with the launch of a new 3-year fixed rate deal with no product fee, which is exclusive to the intermediary channel, and a 20bps reduction in our two year fixed rate first-time buyer deal.

"The balance we offer now of rate, fee, LTV and term means that this is one of the most comprehensive portfolios we have delivered to our broker partners."

A full list of product changes can be seen below:

Core Range

New Products

85% 2 Yr Fixed, £995 fee 3.49% rate
85% 2 Yr Fixed, £0 fee 4.39% rate
85% 3 Yr Fixed, £0 fee 4.59% rate
85% 3 Yr Fixed, £995 fee 3.99% rate
90% 3 Yr Fixed, £0 fee 5.15% rate
90% 3 Yr Fixed, £995 fee 4.79% rate
85% 5 Yr Fixed, £0 fee 4.89% rate
85% 5 Yr Fixed, £995 fee 4.69% rate

Rates Decreasing

80% 2 Yr Fixed, £0 fee, Rate Decreasing to 3.70% from 3.75%
80% 2 Yr Fixed, £995 fee, Rate Decreasing to 3.15% from 3.19%
90% 2 Yr Fixed, £0 fee, Rate Decreasing to 4.89% from 4.99%
80% 2 Yr Tracker, £0 fee, Rate Decreasing to 3.70% from 3.75%

First Time Buyer

New Products

90% 3 Yr Fixed, £0 fee 4.65% rate FTB Exclusive Purchase

Rates Decreasing

85% 2 Yr Fixed, £0 fee, Rate Decreasing to 3.79% from 3.99% FTB Exclusive Purchase
More like this
Latest from Property Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.