NatWest has announced it will reintroduce no fee high loan-to-value (LTV) products for new business customers, alongside various pricing changes taking effect from today (12 April).
Within the lender’s core range, it has increased its 90% LTV two-year fix by 6 basis points (bps) from 2.54% to 2.60%, while its 80% LTV five-year fix has been lifted by 5bps from 2.31% to 2.36%.
New products within the core range with a two-year fixed rate purchase include an 80% LTV at 2.67%, 85% LTV at 2.72% and a 90% LTV at 2.77%.
Two-year fixed rate remortgage new products are an 80% LTV at 2.67%, 85% LTV at 2.77% and a 90% LTV at 2.89%.
Five-year rate purchase new products are an 80% LTV at 2.76%, 85% LTV at 2.81% and a 90% LTV at 2.98%.
New products with a five year fixed rate remortgage include an 80% LTV at 2.76%, 85% LTV at 2.86% and 90% LTV at 3.25%.
The new products have been reintroduced with no fee.
For NatWest’s first time buyer range, it has raised its 85% LTV two-year fix by 23bps from 2.50% to 2.73% with a product fee of £995 and cashback of £750, while the 90% LTV has increased by 22bps from 2.53% to 2.75%, with a product fee of £995 and cashback of £750.
The existing 85% LTV five-year fixed rate purchase has gone up by 18bps from 2.57% to 2.75% with a product fee of £995 and cashback of £750.
New products, which all have no product fee and £750 cashback, include an 85% LTV two-year fix rate purchase at 3.05% and a 90% LTV at 3.08%.
It has also launched 85% and 90% LTV five-year fixed rate purchase products at 3.07% and 3.17% respectively.
Within the lender’s mortgage guarantee range, changes include an increase of 5bps from 3.04% to 3.09% on its 95% LTV, with no fee and £750 cashback.