NatWest to cut rates

Michael Lloyd

April 29, 2019

Tomorrow, NatWest will be introducing rate reductions on selected core and semi-exclusive residential and buy to let products.

On its core range it will cut residential rates by between 0.25% and0.90% and introduced £250 cashback on selected products.

For buy-to-let it will be reducing rates by 0.53% and 1.47% with fees cut from £1,995 to £995.

Mark Bullard, head of sales at NatWest, said: “We have taken this opportunity to review our proposition to ensure it is in line with current market conditions.

“We are delighted to be introducing some significant rate reductions particularly amongst our shared equity offering and also across our product portfolio, which we believe further emphasises our commitment to the broker market.”

Also within this core range shared equity will see rate and cashback introduced, 2-year fees will have rate reductions between 0.19% and 0.27%, and £250 cashback will be introduced. And 5-year fees will have rate reductions of between 0.08% and 0.20%.

For intermediary exclusives NatWest will launch a 2-year 60% to 90% loan-to-value purchase products with £250 cashback and free property valuation, and reduce pricing on the 2-year 95% LTV product by 0.01%.

For base rate trackers the pricing will be set 0.01% below the equivalent fixed rate product and for remortgages there will be rate reductions of 0.01% to 0.02% on the 5-year 60% to 85% LTV products.

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