NatWest IS cuts – and raises – rates

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NatWest Intermediary Solutions has changed the rates on a number of mortgages in its core and corporate ranges.

In its corporate range it has made a number of rate reductions. The two-year fixed rate 60% LTV purchase and remortgage has come down by 0.10 percentage points to 2.65% from 2.75% the two-year fixed rate 75% LTV purchase and remortgage, with £250 cashback, has been reduced by 0.04 percentage points to 3.35% from 3.39% and the five-year fixed rate 60% LTV purchase and remortgage has decreased by 0.20 percentage points to 3.59% from 3.79%.

The rate on the two-year fixed rate 90% LTV purchase mortgage has increased by 0.30 percentage points to 5.29% from 4.99%.

In its core range it has cut the rate on its two-year fixed rate 75% LTV purchase and remortgage by 0.10 percentage points to 3.09% from 3.19%. It has raised the rates on its two-year fixed rate 80% LTV purchase and remortgage by 0.10 percentage points to 3.59% from 3.49% and its two-year fixed rate 85% LTV purchase and remortgage by 0.20 percentage points to 4.29% from 4.09%.

Mark Bullard, head of sales for NatWest Intermediary Solutions, said: “We regularly review and refresh our product ranges to ensure that we maintain a balanced portfolio and preserve our service standards.

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