There will also be rate increases on some of its lower LTV deals.
The new first-time buyer deal is a 90% LTV, two year fixed rate at 4.49% with no product fee.
NatWest is reducing rates on a number of purchase and remortgage deals:
- 2 year fixed rate is decreasing to 2.18% from 2.23%, 70% LTV, £995 product fee
- 2 year fixed rate is decreasing to 2.35% from 2.40%, 75% LTV, £995 product fee
- 2 year fixed rate is decreasing to 3.35% from 3.49%, 85% LTV, £995 product fee
It is increasing the rates on a number of purchase and remortgage deals:
- 3 year fixed rate is increasing to 2.45% from 2.40%, 70% LTV, £995 product fee
- 5 year fixed rate is increasing to 3.35% from 3.09%, 60% LTV, no product fee
- 5 year fixed rate is increasing to 3.05% from 2.79%, 60% LTV, £995 product fee
- 5 year fixed rate is increasing to 3.35% from 3.09%, 75% LTV, £995 product fee
Mark Bullard, Head of Sales, NatWest Intermediary Solutions said:
“We have continued to actively support intermediaries in offering mortgages for first time buyers, including the Help to Buy and NewBuy schemes. This new deal means we have a choice of two and five year fixed rate mortgages in the 80%, 85% and 90% LTV bands that are exclusively for first-time buyers and available to all intermediaries.”
