First-time Buyers
NatWest cuts rates on residential deals
NatWest has announced it is cutting rates by up to 30 basis points on its Core residential range from tomorrow.
From 26 April, both the 75% loan-to-value (LTV) two-year tracker and the 75% LTV five-year fixed rate products will be offered at 3.15%.
In total, the lender has reduced rates on 18 products within its purchase and remortgage deals.
NatWest Intermediary Solutions head of sales Mark Bullard said a greater appetite to lend had encouraged the lender to offer a more attractive range of products for the broker market.
“We’ll continue to offer a really broad range of products to appeal to a wide variety of brokers’ clients offering choices in relation to the level of product fees, LTVs, loan periods, fixed or tracker as well as the different client types be they first-time buyers, shared equity scheme users or buy-to-let investors.
Other deals with reduced rates include a 60% LTV two-year fixed rate mortgage at 2.15% with a £995 fee and a 70% LTV three-year fixed rate at 3.09% with no fee.
