It is also reducing rates across a number of other purchase and remortgage deals.
There are four new first-time buyer products: two 2 year fixed-rate deals – a 3.49% at 80% LTV and a 3.99% at 85% LTV – and two 5 year fixed rate deals – a 3.89% at 80% LTV and a 4.49% at 85% LTV.
There are no product fees on these deals.
NatWest is also reducing rates on a number of its purchase and remortgage deals including a 20bps reduction on its 5 year fixed rate 80% LTV product from 4.29% to 4.09%; a 14bps decrease to its 2 year fixed rate 80% LTV product from 3.89% to 3.75%; and a 14bps reduction on its 2 year tracker 80% LTV, product from 3.89% to 3.75%.
Mark Bullard, head of sales, NatWest Intermediary Solutions, said: “Having recently launched a number of 90% LTV deals and entered the Help to Buy and NewBuy schemes, we have focused our attention next on bringing out some deals for first-time buyers that have been able to save up for a good-sized deposit.
“We are very keen to provide support to the first-time buyer market so this move gives intermediaries some additional deals to target their clients with.
“We have also sharpened up a number of our purchase and remortgage deals in the mid-LTV ranges enabling us to continue to offer a very attractive and extensive portfolio of mortgage for intermediaries.”
