This new range, which is available to all intermediaries, offers a range of LTVs from 60% to 90%. In addition several new deals are being introduced to its standard range.
There are 40 new purchase and remortgage deals in the current account range offering £250 cashback. To be eligible for one of these cashback deals an applicant must have a NatWest or RBS current account that was open on 1 July 2012 and at the time the application is accepted.
The new £250 cashback deals in the current account range include:
o 2 year fixed rate, initial rate 2.99%, 60% LTV, with a £995 product fee
o 2 year fixed rate, initial rate 5.95%, 90% LTV, with a £995 product fee
o 2 year tracker, initial rate 3.19%, 60% LTV, with a £995 product fee
o 2 year tracker, initial rate 3.50%, 75% LTV, with a £995 product fee
o 2 year tracker, initial rate 3.80%, 60% LTV, with no product fee
o 5 year fixed rate, initial rate 2.95%, 60% LTV, with a £2,495 product fee
o 5 year fixed rate, initial rate 6.19%, 90% LTV, with a £995 product fee
Interest-only is available on the cashback products where the LTV is 75% or less subject to applicants meeting the interest only criteria.
The new additions to the standard range include two 3 year fixed rate products and four 2-year trackers:
The new deals in the standard range are:
o 3 year fixed rate, initial rate 3.65%, 65% LTV, with no product fee
o 3 year fixed rate, initial rate 3.95%, 75% LTV, with no product fee
o 2 year tracker, initial rate 2.99%,75% LTV, with a £2,495 product fee
o 2 year tracker, initial rate 3.19%, 60% LTV, with a £995 product fee
o 2 year tracker, initial rate 3.50%, 75% LTV, with a £995 product fee
o 2 year tracker, initial rate 3.80%, 60% LTV, with no product fee
Mark Bullard, head of sales at NatWest Intermediary Solutions, said: “We are delighted to be able to unveil such a comprehensive new range of mortgages. With over 80 residential and buy-to-let deals available to all intermediaries, it’s the broadest range we have had for some time and provides our business partners with greater choice and flexibility.
"The cashback deals should give brokers something extra to offer those of their clients that already bank with the RBS Group and the 90% LTV cashback mortgages will obviously be focused on providing first time buyers with a helping hand.”
