NatWest to launch 100% LTV product transfers with proc fee roll out

NatWest Intermediary Solutions is launching its new product transfer facility on Thursday 14 December, along with a new range of product transfer mortgage deals up to 100% LTV.

Related topics:  Mortgages
Rozi Jones
12th December 2017
NatWest
"We’ve made every effort to make sure that the online process is easy-to-use and brokers will have the support of our team of BDMs and LiveTALK if they need help."

The facility is available for both residential and buy-to-let business for customers who are within their roll-off period, those on a standard variable rate and those with ‘track and switch’ functionality. The balance available to switch must also meet the new product minimum of £25,000.

On completion of each product transfer deal, brokers will be paid a gross procuration fee of 0.2%.

New deals include two-year fixed rates from 1.90% and five-year fixes from 2.44%.

NatWest will also offer 100% LTV two-year fixed rates from 3.60%.

For buy-to-let, two-year fixed rates start from 2.04% at 60% LTV and rise to 4.06% at 90% LTV. Five-year fixed rates are available up to 75% LTV and range between 2.44% and 4.68%.

A range of two-year tracker deals will also be available for residential and buy-to-let transfers up to 75% LTV.

Graham Felstead, Head of Intermediary Mortgages, NatWest Intermediary Solutions, said: “We have had a great deal of positive feedback on this launch since we announced it last month. We’ve made every effort to make sure that the online process is easy-to-use and brokers will have the support of our team of BDMs and LiveTALK if they need help.”

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