fbpx

NatWest to cut rates on higher LTV deals

Nia Williams

September 17, 2015

It will also be making some small increases to rates on its lower LTV deals and launching a new 2 year tracker rate mortgage.

The biggest rate reductions are being introduced to its 90% LTV deals with its 2 year fixed-rate deals being cut by 34bps to 2.76% (£995 product fee) and 49bps to 3.25% (no product fee); its 3 year fixed rate deals coming down 37bps to 3.31% (£995 product fee) and 37bps to 3.78% (no product fee); and its 5 year fixed rate mortgages reducing by 13 bps to 3.60% (£995 product fee) and 42bps to 3.93% (no product fee).

The new 2 year tracker will offer an initial rate of 1.78% for a max LTV of 75%.

Paul Kane, acting head of sales at NatWest Intermediary Solutions, said: “We regularly review our intermediary range of products to ensure that we offer a balanced and competitive portfolio.

“The rate reductions on our higher LTV mortgages should provide brokers with a better choice to offer their customers with smaller deposits.”


Sign up to our daily email