NatWest IS adds products and cuts rates

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NatWest Intermediary Solutions has launched three new mortgages in its corporate range and made several rate reductions to both its core and corporate ranges.

The three new products are a two-year fixed rate purchase and remortgage, 75% LTV with an initial rate of 3.39% and no fee a two-year fixed rate remortgage, 85% LTV with an initial rate of 4.49% and no fee and a two-year tracker purchase and remortgage, 85% LTV with an initial fee of £999.

Also in its corporate range it has made a number of rate reductions. The two-year fixed rate first time buyer cashback 90% LTV purchase mortgage has been reduced by 0.60 percentage points to 4.99%.

The two-year fixed rate 90% LTV purchase mortgage has been cut by 0.60 percentage points to 4.99%, while the two-year fixed rate 60% LTV purchase and remortgage has been reduced by 0.20 percentage points to 2.75%. The five-year fixed rate 60% LTV purchase and remortgage has been reduced by 0.20 percentage points to 3.79%.

In its core range it has cut the rates on four products. The two-year fixed rate 75% LTV purchase and remortgage has been reduced by 0.20 percentage points to 3.19%, while the two-year fixed rate 80% LTV purchase and remortgage has come down by 0.30 percentage points to 3.49%. Also, the two-year fixed rate 85% LTV purchase and remortgage has been cut by 0.30 percentage points to 4.09% and the five-year fixed rate 90% LTV purchase mortgage has been reduced by 0.20 percentage points to 5.89%.

Mark Bullard, head of sales at NatWest Intermediary Solutions said: “The introduction of the three new products in the mid-LTV range complements the rate changes we have made to the rest of the mortgages in our core and corporate ranges in the high and low LTV categories.

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