The new loans include two 90% LTV deals – a 2 year fixed rate at 4.59% and a 5 year fixed rate at 4.99%.
Plus, there are two 80% LTV 3 year fixed rate deals at 3.39% with a £995 product fee and 3.99% with no product fee. There are also two new low product fee buy-to-let deals being introduced.
In addition, NatWest is making rate cuts to its existing higher LTV deals. On its 90% LTV deals it has slashed 100bps off its 2 year fixed rate from 5.99% to 4.99%; made a 90bps cut on its 5 year fixed rate from 6.29% to 5.39%; and a 50bps reduction to 4.79% on its First Time Buyer 5 year fixed rate deal.
On its 80% LTV deals it now has a 2 year fixed rate at 3.29%, a 2 year tracker at 3.89% and a 5 year fixed rate at 3.89%. And there is a 90bps cut on its 5 year fixed rate £995 fee product from 4.79% to 3.89% and a 70bps cut on the 5 year fixed rate no product fee from 4.99% to 4.29%.
Two other deals to catch the eye are the sub-2% 60% LTV 2 year fixed rate and 2.55% 75% LTV 2 year fixed rate.
Mark Bullard, head of sales, NatWest Intermediary Solutions, said: “Building on the rate cuts we introduced to our range a couple of weeks ago, I am delighted that we are able to add a number of new mortgages to our portfolio.
“Obviously, the headlines will be dominated by the new 90% LTV deals as this is an area of the market we know brokers and their clients are keen to see developments in. But it’s important to note that with around 90 mortgages on offer to all intermediaries, we have one of the broadest ranges we have ever had.
“The significant reductions we have made to the rates on our higher LTV deals, combined with our lowest ever 2 year fixed rate 60% LTV deal at 1.95% and the sharpening up of the popular 3 year deals means we have a really attractive range for intermediaries.”
New deals
In the Core range the following deals are being introduced for purchase and remortgage:
• 2 year fixed rate 4.59%, 90% LTV, £995 product fee
• 3 year fixed rate 3.39%, 80% LTV, £995 product fee
• 3 year fixed rate 3.99%, 80% LTV, no product fee
• 5 year fixed rate 4.99%, 90% LTV, £995 product fee
• 2 year tracker 2.19%, 60% LTV, £995 product fee
• 2 year tracker 2.69%, 60% LTV, no product fee
• 2 fixed rate buy-to-let 4.09%, 75% LTV, £495 product fee
• 2 tracker buy-to-let 3.89%, 75% LTV, £495 product fee
Rate changes
In the Core range the following rate reductions are being introduced for purchase and remortgage deals:
• 2 year fixed rate decreasing to 1.95% from 2.15%, 60% LTV, product fee increasing to £1,495 from £995
• 2 year fixed rate decreasing to 2.34% from 2.45%, 70% LTV, £995 product fee
• 2 year fixed rate decreasing to 2.99% from 3.05%, 70% LTV, no product fee
• 2 year fixed rate decreasing to 2.55% from 2.75%, 75% LTV, £995 product fee
• 2 year fixed rate decreasing to 3.29% from 3.79%, 80% LTV, £995 product fee
• 2 year fixed rate decreasing to 3.89% from 4.09%, 80% LTV, no product fee
• 2 year fixed rate decreasing to 4.99% from 5.99%, 90% LTV, no product fee
• 2 year tracker decreasing to 2.90% from 3.05%, 70% LTV, no product fee
• 2 year tracker decreasing to 3.89% from 4.09%, 80% LTV, no product fee
• 5 year fixed rate decreasing to 2.75% from 2.85%, 60% LTV, product fee increasing to £1,495 from £995
• 5 year fixed rate decreasing to 3.89% from 4.79%, 80% LTV, £995 product fee
• 5 year fixed rate decreasing to 4.29% from 4.99%, 80% LTV, no product fee
• 5 year fixed rate decreasing to 5.39% from 6.29%, 90% LTV, no product fee
In the Core range the following rate reductions are being introduced for purchase only deals:
• 5 year fixed rate First Time Buyer decreasing to 4.79% from 5.29%, 90% LTV, no product fee
• 5 year fixed rate shared equity decreasing to 3.59% from 3.69%, 75% LTV, no product fee
In the Buy-to-let range the following rate reductions are being introduced for purchase and remortgage deals:
• 2 year fixed buy-to-let decreasing to 3.79% from 3.99%, 75% LTV, £1,495 product fee
