NatWest cuts high LTV and BTL rates
Notably NatWest has cut its residential 90% LTV 5-year fix by 0.46% from 4.19% to 3.73%, while it has also slashed its 90% LTV 2-year fix by 0.28% to 3.10%. Both products come with a £995 product fee.
On the lender’s buy-to-let range, with a £1,995 fee its 70% LTV 5-year fix has been slashed by 0.23% from 3.85% to 3.62%, while its 60% LTV 2-year fix have been reduced by 0.22% from 2.24% to 2.02%.
NatWest has also reduced its fee free products, as its residential 95% LTV Help to Buy rate has been cut by 0.12% to 3.37%, while its 95% LTV 5-year fix has been trimmed by 0.04% to 4.94%.
On the buy-to-let side the lender’s 75% LTV 2-year fix and 2-year trackers now stand at 3.64% and 3.34% respectively after both being reduced by 0.11%.
Paul Kane, acting head of sales, NatWest Intermediary Solutions said: “We continue to have a healthy appetite to grow our presence in the buy-to-let market and have been working hard alongside out broker partners to improve our proposition in this competitive sector. These rate changes should provide a good indicator of our intent to make further progress with buy-to-let business for the reminder of this year and into 2016.
”We have maintained a strong commitment to first-time buyers by including a range of higher LTV residential and specific Help to Buy scheme products in our intermediary portfolio, so I am delighted that we are able to improve the rates on these deals, supporting customers looking to buy their first property.”