NatWest revamps resi and buy-to-let product ranges

Michael Lloyd

November 18, 2019

NatWest is set to revamp its residential and buy-to-let product ranges.

NatWest will launch a 2-year fixed rate residential mortgage for purchases within its semi-exclusive new business range.

Priced at 2.98% and available up to 95% LTV the product will come with no product fee and £500 cashback.

Mark Bullard, head of sales at NatWest, said: “These changes once again underline our commitment to the intermediary market.

“I’m pleased that we have been able to make further rate reductions to our buy-to-let and purchase portfolios, across a wide variety of LTV bandings and 2 and 5-year deals.”

Within its residential core range, NatWest will launch several remortgage products.

There will be a 1.21% 2-year fix at 60% LTV, a 1.49% 5-year fix at 60% LTV and a 1.54% 5-year fix available at 70% and 75% LTV.

Each product will come with a £999 product fee.

The lender is also set to cut rates across a number of products.

Within the semi-exclusive residential range for purchases, the lender will cut the rate for a 2-year fix at 90% LTV by 0.70% from 2.98% to 2.28%.

This comes with no product fees and £250 cashback.

Another 2-year fix at 90% LTV within the same range will see its rate decrease by 0.19% from 1.99% to 1.80% which comes with a £995 product fee.

Within the semi-exclusive range at 90% the 2-year fix remortgage product at 90% LTV without a product fee, will see its rate drop by 0.47% from 2.59% to 2.59%.

In addition, within the buy-to-let new business range the 2-year fixed remortgage product at 75% LTV will have its rate cut by 0.53% from 2.51% to 1.98%.

This comes with a £995 product fee.

For buy-to-let purchases, the 5-year fix at 70% LTV will have its rate reduced by 0.20% to reach 2.18% whilst at 75% LTV the 5-year fix will see its rate drop by 0.23% to 2.18%.

Both come with a £995 product fee.

The product changes come into effect on Tuesday 19 November.

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