NatWest Intermediary Solutions is making cuts of up to 55 basis points on some rate switcher deals, but raising high LTV rates by up to 18 bps.
The lender is repricing deals across its product transfer range for residential and buy-to-let borrowers tomorrow.
Within its core residential range it is making the following changes to rate switcher deals:
- Two-year fixed rate decreases of up to 50bps on selected products and increases of 5bps at 70 per cent LTV and 18bps at 90 per cent LTV
- Five-year fixed rate decreases of up to 55bps on selected products and increases of 5 bps and 3 bps at 80 per cent and 90 per cent LTV respectively
For buy-to-let borrowers it is making the following changes to rate switcher products
- Two-year fixed rate decreases of up to 35bps on selected products
- Five-year fixed rate decreases of up to 50bps on selected products
