87 purchase & remo deals to be cut by NatWest IS

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NatWest Intermediary Solutions

NatWest Intermediary Solutions is introducing rate reductions to the majority of its core intermediary range tomorrow (21 November). 

Rates will be cut on its residential two, three and five-year fixed rate deals, two-year trackers and first time buyer mortgages across the spectrum of LTVs from 60%-95%.

In addition, there are rate reductions on its buy-to-let two, three and five-year fixed rate and tracker deals.

In total, 87 purchase and remortgage deals will be reduced.

Its first time buyer deals and high LTV mortgages will see a number of rate cuts, with the largest reductions being made on the five-year fixed rate 85% LTV/£995 product fee deal where there is a 70bps cut and on the five-year 90% LTV/£995 product fee deal which is coming down 91bps.

The rates on the two Help to Buy 95% LTV mortgages have been reduced – the two-year fixed coming down 10bps to 5.15% and the five-year fixed decreasing 30bps to 5.39%.

Mark Bullard, head of sales at NatWest Intermediary Solutions, said: “We have refreshed our range of intermediary mortgages to offer brokers a more attractive choice. We are introducing rate cuts right across the LTV range, so whether intermediaries are dealing with first-time buyers, second or third-time movers, remortgagers or buy-to-let investors, there’ll find that the majority of our mortgages now offer even better value.”

On its residential mortgages, the rate reductions include:

  • Two-year fixed rate, reducing from 1.94% to 1.84%, 60% LTV, £995 product fee
  • Two-year fixed rate, reducing from 2.45% to 2.10%, 70% LTV, £995 product fee
  • Two-year fixed rate, reducing from 5.25% to 5.15%, 95% LTV, £0 product fee
  • Three-year fixed rate, reducing from 3.09% to 2.69%, 60% LTV, £0 product fee
  • Three-year fixed rate, reducing from 2.65% to 2.51%, 70% LTV, £995 product fee
  • Three-year fixed rate, reducing from 4.59% to 4.13%, 95% LTV, £995 product fee
  • Five-year fixed rate, reducing from 2.99% to 2.84%, 60% LTV, £995 product fee
  • Five-year fixed rate, reducing from 5.29% to 4.38%, 90% LTV, £995 product fee
  • Five-year fixed rate, reducing from 5.69% to 5.39%, 95% LTV, £0 product fee
  • Two-year year fixed rate (First Time Buyer purchase only), reducing from 4.45% to 4.29%, 90% LTV, £0 product fee
  • Two-year year tracker, reducing from 2.59% to 2.38%, 60% LTV, £0 product fee

The buy-to-let products will see cuts of between 10bps-25bps including:

  • Three-year fixed rate, reducing from 3.59% to 3.34%, 75% LTV, £1,995 product fee
  • Five-year fixed rate, reducing from 4.45% to 4.25%, 60% LTV, £0 product fee

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