" By considering both term and LTV, this enables us to construct a product that is viable."
The 12 products will be priced according to loan balance and LTV, rather than LTV alone, which NatWest says is "the first step towards offering tailored customer pricing".
From Monday, the lender is relaunching 12 products from its existing range at the same rate, with a different product code and max lend of £499,999, and 12 new high value rates for loan sizes of £500,000 and above with a lower rate.
High value rates include two-year fixes from 1.65% at 60% LTV and 1.79% up to 75% LTV.
Five-year fixed rates start from 2.14% at 60% LTV, rising to 2.43% at 75% LTV.
Mortgages with a maximum loan size of £499,999 start at 1.90% fixed for two years and 2.44% fixed for five years.
Mark Bullard, head of sales, commented: “We recognise there is an element of a product gap in our portfolio for this particular type of customer, and by introducing these new products, this is what we are trying to do to fulfil that. By considering both term and LTV, this enables us to construct a product that is viable.”
