NatWest slashes rates
On the residential side, its 2-year fixed rate first-time buyer 90% LTV mortgage will be cut by 0.64% from 5.09% to 4.45% and its 2-year fixed rate 90% LTV will have a 0.50% reduction from 5.19% to 4.69%.
In its buy-to-let range, the 2-year fixed rate 75% LTV product will be reduced by 0.26% from 4.25% to 3.99% and the 2 year tracker 75% LTV will also decrease 26bps from 3.85% to 3.59%.
Mark Bullard, head of sales, NatWest Intermediary Solutions said: “Research we conducted recently with brokers showed that they were very optimistic about the prospects for both the remortgage and the buy-to-let sectors, so these rate reductions to almost 50 of our purchase and remortgage deals should be welcomed.
“The bulk of our residential rate cuts are for the higher LTV mortgages, including our first-time buyer only deals, underlining our appetite for supporting this sector of the market.”