NatWest trims rates and withdraws some products | Mortgage Strategy

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NatWest is trimming rates on a number of residential deals for new customers tomorrow. 

Within its core range it is reducing its five-year fixed rate for purchase at 85% LTV by 13 basis points from 2.47% to 2.34%, with a £995 fee.

The lender is also cutting its two-year fixed rate for purchase at 85% LTV by 4 basis points from 2.01% to 1.97% with a £995 as well as adding cashback of £250 to the deal.

NatWest is withdrawing a couple of products from its residential green mortgage range.

The first product to be withdrawn is a two-year fixed at 85% LTV with a rate of 2%, a product fee of £995 and cashback of £250.

The second green mortgage product to be axed is a five-year fixed at 85% LTV, which had a rate of 2.46% and also came with a £995 fee and £250 cashback.

Brokers wishing to use any of the products that are being withdrawn have until 10.30pm this evening to produce a mortgage illustration and submit an application. 

Supporting documentation must be received by NatWest before close of business on Monday August 2.

Advisers who are unable to submit an application online due to a technical issue that cannot be resolved over the phone should submit a paper-based application and provide details of the case by email to their business development manager before midday tomorrow. 


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