NatWest makes widespread rate cuts

Ryan Bembridge

January 29, 2018

NatWest will cut a number of residential and buy-to-let mortgage deals from tomorrow.

The lender’s shared equity and Help to Buy shared equity scheme products have been slashed by between 0.30% and 0.42%.

Meanwhile its first-time buyer 5-year fixes between 80% and 85% loan-to-value have been cut by between 0.13% and 0.22%.

Mark Bullard, head of sales, said: “Having reviewed our portfolio, I’m delighted that we are able to make some significant rate reductions on many of our mortgages.

“This is particularly evident in our shared equity and five year products as we believe there is a great opportunity to grow these sectors of the market.

“We have had a great start to the year. Our recent announcement about our new BDM partnership model has been very well received by the broker community who will now have a field and a phone BDM supporting them.

“We are looking forward to an exciting year ahead, delivering a continued excellent level of service to mortgage advisers.”

The lender also changed the rate on a number of semi-exclusive products, which are only available to selected brokers.

Some semi-exclusive buy-to-let 2-year fixes have been cut by between 0.04% and 0.11% to 60% and 70% LTV.

Meanwhile first-time buyer semi-exclusives have been increased by 0.05% to 80% LTV and fallen by 0.05% to 90% LTV.

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