NatWest cuts rates up to 74bps

Sam Cordon

April 10, 2013

The cuts will be made across the 60%, 70% and 75% loan to value bandings.

Highlights of the reductions include a 74bps reduction to its 5-year 60% LTV deal and a 60bps decrease to its 5-year fixed rate 75% LTV deal.

Mark Bullard, head of sales at NatWest Intermediary Solutions, said: “Building on recent enhancements to our intermediary range, I am pleased that we are able to improve the rates on a number of our deals.

“Our increased appetite to lend this year combined with the reliability of our service and support from our business development manageers means we have a very attractive proposition for brokers looking to place volume mortgage business with a lender.

“We continue to offer a broad range of mortgages to accommodate clients in the vast majority of LTV bands as well as maintaining a good presence in the first-time buyer, shared equity and buy-to-let markets.”

Other reductions will see the lender offer a 2.40% 3-year fixed rate for up to 60% LTV, a 2.55% 3-year fixed rate for up to 70% LTV and a 3.35% 5-year fixed rate for up to 75% LTV.

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