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NatWest cuts resi fixed rates

Sam Cordon

December 9, 2013

Highlights from the refreshed residential purchase and remortgage range include a 2-year fixed rate from 2.75% and a 5-year fixed rate at 3.59% both up to 80% LTV with a £995 product fee.

The increased buy-to-let purchase and remortgage deals include a 2-year fixed rate at 2.99% at 60% LTV with a product fee of £1,995 and a 2-year tracker at 3.99% with no fee, also at 60% LTV.

Mark Bullard, head of sales, NatWest Intermediary Solutions, said: “2013 has been a really good year for us so I would like to take this opportunity to thank our broker partners for their support.

“It’s nice to be able to end the year with news of some rate reductions. A couple of weeks ago we made cuts on our lower LTV residential products and now it’s the turn of some of our higher LTV and longer term deals.

“On the buy-to-let front, although we are increasing the rates on some of our deals, I am happy to report that we have had a great response to the new buy-to-let criteria and increased proc fees that were introduced last month.

“We now have a broad range of buy-to-let deals giving brokers plenty of options with which to target the amateur landlord sector.”


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