NatWest Intermediary Solutions is introducing a number of residential rate changes to its intermediary range on Friday 6 June.
It will be reducing rates on some of its two and five-year 75% LTV residential deals and increasing rates of between 10-30bps on other residential deals.
The residential deals that are having their rates reduced are:
- 2 year fixed rate, decreasing to 2.55% from 2.69%, 75% LTV, £995 product fee
- 5 year fixed rate, decreasing to 3.65% from 3.75%, 75% LTV, £995 product fee
There is one deal that is increasing its rate by 4bps:
- 3 year fixed rate 80% LTV £0 product fee
There are 20 deals that are increasing rates by 10bps:
- 2 year fixed rate 60%, 70% LTV £995 product fee and no product fee
- 2 year fixed rate 80%, 85%, 90% LTV £995 product fee
- 3 year fixed rate 85%, 90% LTV £0 product fee
- 5 year fixed rate 60%, 70%, 90% LTV £995 product and £0 product fee
- 2 year tracker 60%, 70% LTV £995 product fee and £0 product fee
There are two deals that are increasing rates by 14bps:
- 2 year fixed rate 80% LTV £0 product fee
There are four deals that are increasing rates by 20bps:
- 2 year fixed rate 85%, 90% LTV £0 product fee
There are two deals that are increasing rates by 30bps are:
- 2 year fixed rate 95% LTV £0 product fee
Mark Bullard, head of sales, NatWest Intermediary Solutions said: “We are continuing to receive a really good level of business from intermediaries. Having taken the opportunity to review our portfolio we are introducing changes that reflect current market conditions and will help us to balance our mix of business.”
