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NatWest cuts low LTV rates

Sarah Davidson

December 18, 2014

Its 3-year fixes have been cut to 2.28% to 60% LTV, 2.38% to 70% LTV and 2.64% to 75% LTV.

Other rates include a 2-year fix at 1.81%, a 5-year fix at 2.83% and a 2-year tracker at 1.61% all to 60% LTV.

All of the products, which can be used for home purchases and remortgaging, come with a £995 fee.

NatWest is also raising the rate on a buy-to-let product, as its 3-year fix now stands at 3.45% to 75% LTV with a £1,995 product fee.

Mark Bullard, head of sales, NatWest Intermediary Solutions, said: “Last month we made significant reductions to the majority of our mortgage deals in our intermediary range.

“The lower LTV market continues to be the largest and most competitive sector so we have been able to trim rates further to offer brokers even better deals for their customers.

“2014 has been a tremendous year both for NatWest and the industry as a whole.

“We have taken the new MMR requirements in our stride and can look forward to 2015 with confidence knowing that the market is in a better shape than it was 12 months ago.

“So, on that positive note, I would like to take this opportunity to thank intermediaries for their support this year and wish everyone in the industry a very happy Christmas and a prosperous 2015.”


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