NatWest cuts rates on purchase, remortgage and buy-to-let deals

Mortgage Introducer

August 31, 2016

NatWest

NatWest Intermediary Solutions has cut its standard residential purchase rates on a large number of 2, 3 and 5-year fixed fee-based products and on its standard residential remortgage fee-based products. 

Mark Bullard, NatWest Intermediary Solutions head of sales, said: “Having broadened our product range in recent months, I am delighted that we are able to introduce a significant number of rate reductions – between 5bps – 25bps – across the full LTV range.

“We continue to have an appetite to lend and have maintained an attractive range of mortgages offering brokers and their customers a great choice whether they are first time buyers, homebuyers, remortgaging or buy-to-let investors.”

Buy-to-let valuations fall as landlords react to lettings fee ban in England

Customers looking to buy their first home using the Help to Buy: Mortgage Guarantee Scheme are also benefiting with a price reduction on its 95% LTV 2-year fixed no fee product by 10 bps to 3.81%.

Within the residential purchase range, rates have been reduced between 5-25 bps on the 2-year fixed rate deals and between 6-24 bps on its 5-year fixed rate deals. The 3-year fixed rate 60% LTV fee product is also reducing by 6 bps.

Rates on the standard residential remortgage 3-year fixed rate 60% and 70% LTV fee products are reducing by 5 bps. As well as residential rate reductions, there are reductions on the standard Buy to Let 2-year fixed range for purchase and remortgage products by 19-23 bps.

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