NatWest Intermediary Solutions has launched a new two-year fixed rate remortgage product into its corporate range.

It is available at 50% LTV, remortgage with an initial rate of 2.99% and a £499 fee.

Overpayments of up to 10% of the outstanding balance per annum are allowed during the initial deal period. An early redemption charge.

There are no basic legal or valuation fees for a standard residential remortgage.

It is available to intermediaries who are members of Countrywide, Sesame/PMS, Connells (including the Pink Group and BDS), Personal Touch, Legal & General Mortgage Club, Openwork/Your Move, Mortgage Next/Mortgage Intelligence, Home of Choice, Simply Biz, Concordia, Positive Solutions and Intrinsic.

Mark Bullard, head of sales at NatWest Intermediary Solutions, said: “We have spoken to many of our corporate partners about ways to cater for their remortgage clients and a 50% LTV product was one that was missing from our portfolio.