NatWest cuts rates by up to 0.30 per cent - Mortgage Strategy

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NatWest Intermediary Solutions has cut rates across its core range of residential fixes by up to 30 basis points.

Within its two-year fixes, standout changes occur on the following products, all of which have zero product fee: the 60 per cent LTV, where the rate has gone from 1.82 per cent to 1.52 per cent and the 70 per cent LTV mortgage, where rates have been cut from 2.72 per cent to 2.42 per cent.

The 75 per cent LTV product has also seen a 0.30 per cent rate cut, from 2.72 per cent to 2.42 per cent also, and the 80 per cent LTV product has had its rate reduced from 2.89 per cent to 2.59 per cent.

Other products within the two-year fixed rate range have seen cuts of 0.15 per cent.

For five-year fixes, again all with zero product fee, the 60 per cent LTV product has been cut from 2.07 per cent to 1.77 per cent and the 70 per cent LTV product from 2.96 per cent to 2.66 per cent.

Meanwhile, the 75 per cent LTV product has had its rate reduced from 2.98 per cent to 2.68 per cent and the 80 per cent LTV, from 3.17 per cent to 2.87 per cent.

Cuts of 0.15 per cent occur elsewhere within the range.

NatWest Intermediary Solutions head of sales Mark Bullard says: “We’re… pleased to be making these rate reductions on the back of the successful launch of additional borrowing platform, where our brokers now have the ability to request additional borrowing at the same time as completing a product switch for their customers”


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