NatWest IS adds 60% LTV deals to corporate range

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NatWest Intermediary Solutions has added two new purchase mortgages and two new remortgages to its corporate range.

The new deals are a mix of fixed rate and tracker products for clients looking for a maximum 60% LTV loan.

For purchase, there is a two-year fixed rate at 2.75% and a two-year tracker initial rate at 2.29% (NatWest base rate +1.79%).

On the remortgage side, there is a two-year fixed rate at 2.55% and a two-year tracker initial rate again at 2.29% (NatWest base rate +1.79%).

They all come with a £1,499 fee.

Overpayments of up to 10% of the outstanding balance per annum are allowed during the initial deal period. ERC applies.

NatWest doesn’t charge basic legal or valuation fees for a standard residential remortgage.

Mark Bullard,head of sales, NatWest Intermediary Solutions said: “The introduction of these new products offers intermediaries a greater choice in the lower-LTV range. They now have the ability to select a higher fee deal to secure a lower initial rate for those clients looking for larger loans

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