NatWest has made rate cuts on its new business product range by as much as 24 basis points, effective tomorrow.
The lender has lowered rates in its core residential range across two- and five-year fixes.
The five-year fixed rate remortgage 90% loan-to-value (LTV) with a product fee of £995 and £250 cashback has been lowered by 24bps to 4.75% while the 90% LTV no product fee has gone down by 13bps to 4.95%.
NatWest has also lowered the rate on the two-year fixed remortgage with no product fee by 11bps to 5.49% while the 75% LTV with no product fee with £250 cashback has been cut by 8bps to 4.72%.
The two-year fixed rate purchase at 75% LTV with no product fee has been cut by 10bps from 4.64% to 4.54% while the five-year fixed rate purchase at 90% LTV with no product fee has been lowered from 4.90% to 4.80%.
Meanwhile, the lender’s first-time buyer residential five-year fixed rate purchase 90% LTV with no product fee and £250 cashback has been lowered by 10bps to 4.80% while the two-year fixed rate purchase 90% LTV with a product fee of £995 and £250 cashback has been reduced to 4.96% from 5.03%.
NatWest has also made cuts of up to 10bps in its shared equity range, while the Help to Buy share equity range has seen a reduction of 8bps.
Elsewhere, Norton Home Loans has partnered with London & Country (L&C) Mortgages to expand access to its specialist mortgage solutions.
The collaboration will enable L&C’s customers access to Norton Home Loans’ range of specialist mortgages, supporting more borrowers with complex financial needs.
Through this partnership, L&C will have direct access to Norton’s lending criteria, so that those with unique financial circumstances can benefit from tailored mortgage products.
Norton Home Loans head of sales David Binney says: “This partnership with L&C is a fantastic opportunity to work alongside one of the most well-established and highly regarded brokers in the country.”
“We recognise the increasing demand for specialist lending solutions, and by working together, we can help more borrowers find the right financial products to meet their needs.”
L&C chief relationship officer Simon Hendy adds: “Norton’s pragmatic lending criteria and flexible underwriting have already provided positive outcomes for our customers, and we are excited to expand our collaboration further.”
