NatWest adds FTB 90pc deal and cuts rates

Nia Williams

September 16, 2013

And the lender is cutting rates on selected 2-year fixed deals and raising rates on a number of lower LTV products.

Mark Bullard, head of sales, 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 2 and 5-year fixed rate mortgages in the 80%, 85% and 90% LTV bands that are exclusively for first-time buyers and available to all intermediaries.”

Highlights from the reduced 2-year fixed rate range include: a 2.18% loan at 70% LTV, a 2.35% loan at 75% LTV and a 3.35% loan at 85% LTV, all with a £995 product fee.

Rates which have increased include: a 3-year fixed rate increasing to 2.45% from 2.40% at 70% LTV and a 5-year fixed rate increasing to 3.35% from 3.09% at 75% LTV, both with a £995 product fee.

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