Tomorrow NatWest will launch residential and buy-to-let products and reduce rates on its selected core and semi-exclusive residential and buy-to-let products.
There will be rate reductions of up to 0.18% on buy-to-let deals, alongside the launch of NatWest’s simplified buy-to-let calculator.
Mark Bullard, head of sales said: “We have taken this opportunity to reaffirm our commitment to the buy-to-let market by offering reductions on our 2 and 5-years deals across our exclusive and core ranges.
“The launch of our new buy-to-let calculator alongside the rate changes to our purchase and remortgage ranges demonstrates our commitment to the broker market.”
There will be a 2.45% 5-year fixed rate buy-to-let exclusive for purchases. It’s available at 70% loan-to-value (LTV) and comes with a £995 product fee.
In addition, there will be a residential 5-year fixed rate remortgage. It’s available at 60% LTV with a rate of 1.78%. This comes with a £995 product fee and £250 cashback.
Intermediary exclusives include for purchases, rate reductions of 0.02% to 0.19% on 2 and 5-year deals from 60% LTV to 85% LTV. For remortgages there will be rate reductions of 0.10% on 2-year deals with a 85% fee and a reduction of 0.01% to 0.04% on 5-year deals available from 60% to 85% LTV.
Buy-to-let rates will be cut from 0.02% to 0.18% on 2 and 5-year deals for purchases and remortgages, available from 60% to 75% LTV.
Furthermore, there will be a rate reduction of 0.02% on a 5-year 60% fee based shared equity remortgage product.
For NatWest’s core range there will be reduced rates by 0.02% to 0.06% on 2-year and 5-year purchase products and the lender will decrease rates by 0.01% to 0.05% on 2-year and 5-year remortgage products. All are available from 60% to 85% LTV.
For buy-to-let there will be rate reductions of 0.02% to 0.18% on 2 and 5-year purchase and remortgage products, available from 60% to 75% LTV.