NatWest Intermediary Solutions has cut rates across the vast majority of its residential mortgage range.
The cuts also apply to its higher-LTV deals for first time buyers and those using the Government Help to Buy and New Buy schemes.
Highlights include:
First-time buyer only 2 year fixed rate deals
£0 product fee:
80% LTV deal reducing by 66bps from 2.95% to 2.29%
85% LTV deal reducing by 49bps from 3.23% to 2.74%
90% LTV deal reducing by 31bps from 3.95% to 3.64%
First-time buyer only 5 year fixed rate deals
£0 product fee:
80% LTV deal reducing by 24bps from 3.49% to 3.25%
85% LTV deal reducing by 31bps from 3.95% to 3.64%
90% LTV deal reducing by 10bps from 4.35% to 4.25%
Help to Buy shared equity scheme deals
£0 product fee:
2 year fixed rate 75% LTV deal reducing by 51bps from 2.93% to 2.42%
5 year fixed rate 75% LTV deal reducing by 54bps from 3.69% to 3.15%
Help to Buy: mortgage guarantee and NewBuy scheme deals
£0 product fee:
2 year fixed rate 95% LTV deal reducing by 46bps from 4.95% to 4.49%
5 year fixed rate 95% LTV deal reducing by 27bps from 5.25% to 4.98%
2 year fixed rate deals - rate cuts of between 7-76bps
£995 product fee:
80% LTV deal reducing by 15bps from 2.28% to 2.13%
85% LTV deal reducing by 26bps from 2.69% to 2.43%
90% LTV deal reducing by 27bps from 3.65% to 3.38%
£0 product fee:
75% LTV deal reducing by 51bps from 2.93% to 2.42%
80% LTV deal reducing by 76bps from 3.29% to 2.53%
85% LTV deal reducing by 61bps from 3.54% to 2.93%
90% LTV deal reducing by 31bps from 4.05% to 3.74%
3 year fixed rate deals
£0 product fee:
75% LTV deal reducing by 13bps from 2.98% to 2.85%
80% LTV deal reducing by 41bps from 3.39% to 2.98%
5 year fixed rate deals
£995 product fee:
60% LTV deal reducing by 19bps from 2.49% to 2.30%
70% LTV deal reducing by 14bps from 2.88% to 2.74%
85% LTV deal reducing by 15bps from 3.69% to 3.54%
90% LTV deal reducing by 10bps from 4.29% to 4.19%
£0 product fee:
60% LTV deal reducing by 46bps from 3.24% to 2.78%
70% LTV deal reducing by 31bps from 3.29% to 2.98%
75% LTV deal reducing by 54bps from 3.69% to 3.15%
80% LTV deal reducing by 50bps from 3.85% to 3.35%
85% LTV deal reducing by 31bps from 4.05% to 3.74%
2 year trackers
£995 product fee:
70% LTV deal reducing by 7bps from 1.75% to 1.68%
£0 product fee:
60% LTV deal reducing by 16bps from 2.35% to 2.19%
70% LTV deal reducing by 25bps from 2.49% to 2.24%
75% LTV deal reducing by 51bps from 2.83% to 2.32%
The rates on its buy-to-let mortgages will be increased by 30bps.
Paul Kane, acting head of sales, NatWest Intermediary Solutions said: "We are pleased to be able to make such significant cuts to so many of our residential deals, especially those with higher LTVs to help first-time buyers and those using the Government schemes to secure their first properties.
"We continue to offer brokers a great choice of product fee and rate combinations across the LTV range from 60-90%."
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