Dozen new deals for NatWest IS

Published on

NatWest Intermediary Solutions

NatWest Intermediary Solutions is launching 12 new deals and making some rate cuts in its buy-to-let range.

There are six new three-year buy-to-let deals being launched, at 60%, 70% and 75% LTV which are exclusive to the intermediary channel.

In addition, there are two new two and five-year fixed rate and two new two-year tracker products added to the portfolio.

Also, there are rate cuts being made to many of its existing buy-to-let deals of up to 64bps.

Mark Bullard, head of sales, NatWest Intermediary Solutions said: “We have had a very good response to the improvements we have introduced to our buy-to-let proposition in the last six months. The optimism for growth in this sector that our research identified at the end of 2013 appears to have been correct as buy-to-let volumes having increased in the first few months of this year.

“With the demand for buy-to-let lending set to continue, we are delighted to be able to support intermediaries with new products and rate cuts, especially the new 3 year term range that will make our proposition even more attractive. The appeal of the two new 5 year deals we launched in March has led to us adding three more 5 year term mortgages to our buy-to-let offering.”

The new buy-to-let purchase and remortgage deals being launched are:

  • 2 year fixed rate 2.99%, 70% LTV, £1,995 product fee
  • 2 year fixed rate 3.99%, 70% LTV, no product fee
  • 3 year fixed rate 3.09%, 60% LTV, £1,995 product fee (exclusive to intermediaries)
  • 3 year fixed rate 3.99%, 60% LTV, no product fee (exclusive to intermediaries)
  • 3 year fixed rate 3.45%, 70% LTV, £1,995 product fee (exclusive to intermediaries)
  • 3 year fixed rate 4.25%, 70% LTV, no product fee (exclusive to intermediaries)
  • 3 year fixed rate 3.59%, 75% LTV, £1,995 product fee (exclusive to intermediaries)
  • 3 year fixed rate 4.49%, 75% LTV, no product fee (exclusive to intermediaries)
  • 5 year fixed rate 4.79%, 60% LTV, no product fee
  • 5 year fixed rate 4.09%, 70% LTV, £1,995 product fee
  • 2 year tracker 2.59%, 70% LTV, £1,995 product fee
  • 2 year tracker 3.59%, 70% LTV, no product fee

The buy-to-let purchase and remortgage fixed rate and tracker deals that are having their rates reduced are:

  • 2 year fixed rate decreasing to 2.65% from 2.99%, 60% LTV, £1,995 product fee
  • 2 year fixed rate decreasing to 3.85% from 4.09%, 60% LTV, no product fee
  • 2 year fixed rate decreasing to 3.15% from 3.39%, 75% LTV, £1,995 product fee
  • 5 year fixed rate decreasing to 3.95% from 3.99%, 60% LTV, £1,995 product fee
  • 5 year fixed rate decreasing to 4.29% from 4.39%, 75% LTV, £1,995 product fee
  • 2 year tracker decreasing to 2.25% from 2.89%, 60% LTV, £1,995 product fee
  • 2 year tracker decreasing to 3.45% from 3.99%, 60% LTV, no product fee
  • 2 year tracker decreasing to 2.75% from 3.29%, 75% LTV, £1,995 product fee
  • 2 year tracker decreasing to 3.85% from 4.15%, 75% LTV, no product fee

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...

FCA finds protection market delivering good outcomes, says TPFG

The Property Franchise Group PLC (TPFG) has responded to the publication of the Financial...

Conditional selling remains industry flashpoint as enforcement lags

Conditional selling remains one of the most persistent and contentious issues facing the UK...

Latest publication

Other news

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...