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TODAY'S OTHER NEWS

NatWest to cut residential and BTL broker rates

NatWest Intermediary Solutions is reducing rates on a number of higher-LTV residential mortgages.

These include its first-time buyer deals and a selection of buy-to-let mortgages.

The bank’s two-year fixed rate to 90% LTV with a £995 product fee deal falls 41 basis points (bps) from 2.91% to 2.50%.

Its two-year fixed rate to 90% LTV with a zero product fee deal is cut by 47bps from 3.45% to 2.98%.

And its two-year fixed rate (Help to Buy: mortgage guarantee scheme) to 95% LTV with zero product fee deal falls 45bps from 4.24% to 3.79%.

NatWest’s first-time buyer only two-year fix to 90% LTV with zero fees is cut by from 3.39% to 2.94%.

Finally, a 49bps cut on its five-year fix to 90% LTV reduces the rate from 4.09% to 3.60%, also with no product fee.

Mark Bullard, head of sales at NatWest Intermediary Solutions, said: “We have long supported first-time buyers and home buyers with smaller deposits with a good range of appropriate mortgages, that includes the Government’s Help to Buy schemes.

“The changes we are introducing provide further evidence of our commitment to this important sector of the mortgage market.”

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