In the core range it has reduced the rates on its 18 month tracker 75% LTV purchase and remortgage products by 0.20% to 2.69%. It has also dropped the rates on its 2 year fixed rate 75% LTV purchase and remortgage products to 3.19% from 3.65% and reduced the rates on its 2 year fixed rate 80% LTV purchase and remortgage products by 0.20% to 4.09%.
NatWest's buy-to-let range has seen a number of rate reductions, including a 1.30% reduction on its 2 year fixed rate purchase and remortgage products to 4.39%. Its 2 year fixed rate 60% LTV purchase and remortgage products have had the rates reduced by 1.40% to 3.99%.
In the corporate range it has reduced the rates on its 2 year fixed rate 60% LTV purchase and remortgage products by 0.70% to 2.55%. The 5 year fixed rate 60% LTV purchase and remortgage products have been reduced by 0.30% to 4.19%. And, for the 2 year tracker 50% LTV purchase and remortgage products the rates have been cut by 0.56% to 2.39%.
Mark Bullard, head of sales, NatWest Intermediary Solutions, said: “Having reviewed our product range in the context of the current market conditions I am delighted that we are able to introduce these rate reductions. It means we now have a number of very competitive mortgages in both our core and corporate ranges, appealing to a broad spectrum of intermediary firms, in a number of different market sectors, across a wide range of LTVs from 50-90%, underlining our commitment to the broker market."
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