2 year fixed rate deals include a 60% LTV reduced by 4bps to 1.45%, a 70% LTV deal cut by 9bps to 1.69%, and a 75% LTV reduced by 9bps from 1.88% to 1.79%.
3 year fixed rate reductions include a 70% LTV now at 2.25% and a 75% LTV cut from 2.55% to 2.50%.
The 3 year 60% LTV deal is increasing by 5bps from 1.99% to 2.04%.
5 year fixed rates are being cut from 2.74% to 2.65% at 70% LTV, and from 2.85% to 2.78% at 75% LTV.
2 year trackers are being cut from 1.39% to 1.35% at 60% LTV and from 1.68% to 1.59% on the 70% LTV deal.
NatWest is also reducing its buy-to-let deals between 10-55bps across its 2, 3 and 5 year fixed rate and 2 year tracker products.
Paul Kane, Acting Head of Sales at NatWest Intermediary Solutions, said:
“We have made great in-roads into the buy-to-let market since we simplified our rental calculation 18 months ago. We have ambitions to continue our growth in buy-to-let by focusing on the smaller portfolio/non-professional landlord sector. These rate reductions should give intermediaries more attractive options to discuss with their landlord customers.”
