NatWest unveils new trackers and fixes

Published on

NatWest Intermediary Solutions

NatWest Intermediary Solutions is launching new fixed rate and tracker mortgages on Wednesday 8 August.

The range, which is available to all intermediaries, includes a new current account range consisting of cashback deals for mortgage applicants that have an active NatWest or RBS current account.

This new range offers a range of LTVs from 60% to 90%. In addition, several new deals are being introduced to its standard range.

There are 40 new purchase and remortgage deals in the current account range offering £250 cashback. To be eligible for one of these cashback deals, an applicant must have a NatWest or RBS current account that was open on 1 July 2012 and at the time the application is accepted.

The new £250 cashback deals in the current account range include:

  • Two-year fixed rate, initial rate 2.99%, 60% LTV, with a £995 product fee
  • Two-year fixed rate, initial rate 5.95%, 90% LTV, with a £995 product fee
  • Two-year tracker, initial rate 3.19%, 60% LTV, with a £995 product fee
  • Two-year tracker, initial rate 3.50%, 75% LTV, with a £995 product fee
  • Two-year tracker, initial rate 3.80%, 60% LTV, with no product fee
  • Five-year fixed rate, initial rate 2.95%, 60% LTV, with a £2,495 product fee
  • Five-year fixed rate, initial rate 6.19%, 90% LTV, with a £995 product fee

Interest only is available on the cashback products where the LTV is 75% or less, subject to applicants meeting the interest only criteria.

The new additions to the standard range include two three-year fixed rate products and four two-year trackers.

The new deals in the standard range are:

  • Three-year fixed rate, initial rate 3.65%, 65% LTV, with no product fee
  • Three-year fixed rate, initial rate 3.95%, 75% LTV, with no product fee
  • Two-year tracker, initial rate 2.99%,75% LTV, with a £2,495 product fee
  • Two-year tracker, initial rate 3.19%, 60% LTV, with a £995 product fee
  • Two-year tracker, initial rate 3.50%, 75% LTV, with a £995 product fee
  • Two-year tracker, initial rate 3.80%, 60% LTV, with no product fee

“With over 80 residential and buy-to-let deals available to all intermediaries, it’s the broadest range we have had for some time and provides our business partners with greater choice and flexibility,” said Mark Bullard, head of sales, NatWest Intermediary Solutions.

“The cashback deals should give brokers something extra to offer those of their clients that already bank with the RBS Group and the 90% LTV cashback mortgages will obviously be focused on providing first time buyers with a helping hand.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Market Harborough broadens tier two mortgage criteria to boost complex case lending

Market Harborough Building Society has introduced a series of criteria enhancements to its tier...

Coventry for intermediaries reduces rates across residential and buy-to-let ranges

Coventry for intermediaries has announced rate cuts of up to 19 basis points, with...

Halifax cuts remortgage rates across selected two and five-year fixed deals

Halifax Intermediaries has announced a series of rate cuts across its remortgage product range,...

The Leeds reports £104m profit amid robust lending and savings growth

Leeds Building Society has reported a profit before tax of £104.4 million for the...

Annual house price growth picks up as affordability improves

The UK housing market showed renewed resilience in July, with house prices rising by...

Latest publication

Latest opinions

Job cuts to inflation shock: preparing for a mortgage arrears crisis

The latest data on jobs paints a picture of a rapidly weakening labour market. The...

URGENT! AI Is coming for you. Or maybe not…

I’ll try to make this as straight to the point as I can. The...

Mind the gap: Can mortgage advice change the game for protection?

Many industry insiders still talk about the UK protection gap and how vast it...

Navigating HMO and MUFB complexity with confidence

Historically, larger Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs) have often...

Other news

Market Harborough broadens tier two mortgage criteria to boost complex case lending

Market Harborough Building Society has introduced a series of criteria enhancements to its tier...

Coventry for intermediaries reduces rates across residential and buy-to-let ranges

Coventry for intermediaries has announced rate cuts of up to 19 basis points, with...

Halifax cuts remortgage rates across selected two and five-year fixed deals

Halifax Intermediaries has announced a series of rate cuts across its remortgage product range,...