NatWest lowers new business rates by up to 0.60% Mortgage Finance Gazette

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NatWest has made cuts up to 0.60% across its new business product range.

The biggest cuts are within the lender’s buy-to-let (BTL) range. The 75% loan-to-value (LTV) two-year fixed rate purchase which comes with a fee of £3,499 has been lowered from 4.76% to 4.16%.

Meanwhile, the two-year fixed rate remortgage 75% LTV which has a product fee of £3,499 has been reduced by 0.47%.

Within the five-year fixed rate remortgage range, the 75% LTV that has a product fee of £995 has been cut from 4.67% to 4.25%.

The lender’s BTL green mortgage two-year fixed purchase products have also seen rate cuts. The 75% LTV with a product fee of £995 has been lowered from 5.14% to 4.74%.

Within the same range the five-year fixed rate remortgage 75% LTV with a product fee of £995 and cashback of £250 has been reduced by 0.38% to 4.19%.

Reductions have also been made on the lender’s Help to Buy: shared equity, shared equity residential, first-time buyer residential and core range.

NatWest has also made improvements to its broker support services with the launch of a single contact number.

The lender has also expanded its LiveTalk offering.

The new service will connect brokers to the right support teams while LiveTalk will now handle both pre-application and post-application queries.

NatWest head of telephony for intermediaries Gemma Atkin says: “We’re always looking for ways to improve our service and support brokers – making homebuying a simpler, clearer and more simplified process. Our new single phone number and expanded LiveTalk service will make it easier for brokers to contact us and get their questions answered quickly.”