NatWest reduces core residential rates

Nia Williams

April 25, 2013

Highlights of the cuts include a 30bps reduction to the fee-free 2-year tracker for up to 75% loan to value and a 20bps decrease to its 5-year fixed-rate mortgage. Both products are now available at 3.15%.

In total there are rate reductions on 18 of its 60%, 70% and 75% LTV purchase and remortgage deals which are available to all intermediaries.

Mark Bullard, head of sales at NatWest Intermediary Solutions, said: “From the start of the year we have been building a more attractive range of products for the broker market in support of our greater appetite to lend.

“So, I am pleased to be able to further improve the value that intermediaries can offer their clients.

“We’ll continue to offer a really broad range of products to appeal to a wide variety of brokers’ clients offering choices in relation to the level of product fees, LTVs, loan periods, fixed or tracker as well as the different client types be they first-time buyers, shared equity scheme users or buy-to-let investors.

“With a robust and reliable service to back these product changes I believe we will get a positive response from our intermediary partners.”

NatWest’s new rates come in to effect tomorrow.

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