NatWest is set to launch products and cut rates.
NatWest is set to revamp its residential and buy-to-let product ranges.
NatWest will launch a 2-year fixed rate residential mortgage for purchases within its semi-exclusive new business range.
Priced at 2.98% and available up to 95% LTV the product will come with no product fee and £500 cashback.
Mark Bullard, head of sales at NatWest, said: “These changes once again underline our commitment to the intermediary market.
“I’m pleased that we have been able to make further rate reductions to our buy-to-let and purchase portfolios, across a wide variety of LTV bandings and 2 and 5-year deals.”
Within its residential core range, NatWest will launch several remortgage products.
There will be a 1.21% 2-year fix at 60% LTV, a 1.49% 5-year fix at 60% LTV and a 1.54% 5-year fix available at 70% and 75% LTV.
Each product will come with a £999 product fee.
The lender is also set to cut rates across a number of products.
Within the semi-exclusive residential range for purchases, the lender will cut the rate for a 2-year fix at 90% LTV by 0.70% from 2.98% to 2.28%.
This comes with no product fees and £250 cashback.
Another 2-year fix at 90% LTV within the same range will see its rate decrease by 0.19% from 1.99% to 1.80% which comes with a £995 product fee.
Within the semi-exclusive range at 90% the 2-year fix remortgage product at 90% LTV without a product fee, will see its rate drop by 0.47% from 2.59% to 2.59%.
In addition, within the buy-to-let new business range the 2-year fixed remortgage product at 75% LTV will have its rate cut by 0.53% from 2.51% to 1.98%.
This comes with a £995 product fee.
For buy-to-let purchases, the 5-year fix at 70% LTV will have its rate reduced by 0.20% to reach 2.18% whilst at 75% LTV the 5-year fix will see its rate drop by 0.23% to 2.18%.
Both come with a £995 product fee.
The product changes come into effect on Tuesday 19 November.
