NatWest Intermediary Solutions is tomorrow (10 December) cutting the rates on a number of its fixed rate residential deals.

It is reducing the rate on its 80% LTV two-year fixed rate deal by 0.24 percentage points and its 85% LTV three-year fixed rate by 0.21 percentage points.

The residential purchase and remortgage fixed rate deals that are having their rates reduced are:

2 year fixed rate is decreasing to 2.75% from 2.99%, 80% LTV, £995 product fee
3 year fixed rate is decreasing to 3.05% from 3.19%, 80% LTV, £995 product fee
3 year fixed rate is decreasing to 3.54% from 3.75%, 85% LTV, £995 product fee
5 year fixed rate is decreasing to 2.88% from 2.99%, 60% LTV, £995 product fee
5 year fixed rate is decreasing to 3.19% from 3.29%, 60% LTV, no product fee
5 year fixed rate is decreasing to 3.59% from 3.79%, 80% LTV, £995 product fee

It is also increasing rates on four of its buy-to-let purchase and remortgage deals:

2 year fixed rate is increasing to 2.99% from 2.79%, 60% LTV, £1,995 product fee
2 year fixed rate is increasing to 4.09% from 3.79%, 60% LTV, no product fee
2 year tracker is increasing to 2.89% from 2.69%, 60% LTV, £1,995 product fee
2 year tracker is increasing to 3.99% from 3.69%, 60% LTV, no product fee

Mark Bullard, head of sales, NatWest Intermediary Solutions, said: “2013 has been a really good year for us so I would like to take this opportunity to thank our broker partners for their support. It’s nice to be able to end the year with news of some rate reductions. A couple of weeks ago we made cuts on our lower LTV residential products and now it’s the turn of some of our higher LTV and longer term deals.

“On the buy-to-let front, although we are increasing the rates on some of our deals, I am happy to report that we have had a great response to the new buy-to-let criteria and increased proc fees that were introduced last month. We now have a broad range of buy-to-let deals giving brokers plenty of options with which to target the amateur landlord sector.”