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NatWest launches high LTV deals

Sarah Davidson

October 10, 2012

Products previously in the current account range are being moved to its main bank range which will also see a number of rate cuts.

And the lender is introducing a new 5-year 75% LTV fixed rate mortgage along and cutting some rates.

The current account products are all available as purchase mortgages and remortgages and include:

• 2 year fixed rate, 3.99% (APR 4.2% purchase/4.2% remortgage, SVR 4.0%), 80% LTV, with a £995 product fee

• 2 year fixed rate, 4.29% (APR 4.4%/4.1%, SVR 4.0%), 80% LTV, with no product fee

• 2 year fixed rate, 5.75% (APR 4.5%/4.5%, SVR 4.0%), 90% LTV, with a £995 product fee

• 5 year fixed rate, 4.59% (APR 4.5%/4.4%, SVR 4.0%), 80% LTV, with a £995 product fee

• 5 year fixed rate, 4.89% (APR 4.5%/4.5%, SVR 4.0%), 80% LTV, with no product fee

• 5 year fixed rate, 6.09% (APR 5.1%/5.1%, SVR 4.0%), 90% LTV, with a £995 product fee

• 2 year tracker, 4.29% (NatWest Bank Base Rate +3.79%) (APR 4.2%/4.1%, SVR 4.0%), 80% LTV, with no product fee

All the mortgages in the main bank range have £250 cashback and are available where at least one applicant has an active NatWest or RBS current account into which a minimum of £1,000 must have been paid for the last three months.

The main changes to the mortgages in this range are:

• Rate reductions: the rates on the 5 year fixed rate products are reducing by 0.10%

• Rate reductions: the rates on the 2 year fixed rate and tracker products are reducing by up to 0.20%

• Fee reduction: the fee on the 5 year fixed rate, 60% LTV, purchase and remortgage is decreasing by £300 to £2,195

• Rate increases: the rates on the three 80% LTV products have increased by up to 0.20%

A number of rate and fee changes are being made in the core range:

• New: 5 year fixed rate 4.09% (APR 4.3% purchase/4.2% remortgage, SVR 4.0%), 75% LTV, with a £995 product fee

• Rate reductions: 2, 3 and 5 year fixed rate and 2 year tracker 60% & 75% LTV mortgages will have their rates reduced by up to 0.20%

• Fee reduction: the fee on the 5 year fixed rate, 60% LTV, purchase and remortgage is decreasing by £300 to £2,195

• Rate increases the rates on the 18 month and 2 year tracker 75% LTV mortgages are going up by 0.10% and 0.16% respectively

Mark Bullard, head of sales at NatWest Intermediary Solutions, said: “The introduction of the higher LTV mortgages to our current account range means that we have an extensive choice of products for intermediaries across a broad range of LTVs and terms.

“For those applicants who already have an existing banking relationship with NatWest or RBS there are added benefits to be had from the main bank and current account ranges. And for those applicants who don’t, we still have a good variety of mortgages in our core range.”


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