NatWest Intermediary Solutions is tomorrow launching a new first-time buyer mortgage into its corporate range.

It is also introducing new rates on selected mortgages in both its core and corporate ranges.

The new first-time buyer mortgage being added to its corporate range is a two-year fixed rate 90% LTV purchase product, offering an initial rate of 5.59% with no fee and £250 cashback.

Also in its corporate range, it is cutting the rate on its two-year fixed rate 90% LTV purchase mortgage to 5.59% from 6.09% and is lowering the rates on its five-year fixed rate 60% LTV purchase and remortgage products to 3.99% from 4.19%.

In the core range it is reducing the rate on its five-year fixed rate 90% LTV purchase mortgage to 6.09% from 6.39%. It is also cutting the rates on its two-year fixed rate 80% LTV purchase and remortgage products to 3.79% from 4.09% and on its two-year fixed rate 85% LTV purchase and remortgage products to 4.39% from 5.19%.

Mark Bullard, head of sales at NatWest Intermediary Solutions, said: “We have actively supported the first-time buyer market having retained 90% LTV products for the intermediary market