NatWest Intermediary Solutions has cut rates on a string of fixed rate residential deals, but is hiking costs on four buy-to-let mortgages.
Mark Bullard, head of sales at NatWest Intermediary Solutions, said: "A couple of weeks ago we made cuts on our lower LTV residential products and now it’s the turn of some of our higher LTV and longer-term deals."
Residential purchase and remortgage fixed rate cuts:
Two-year fixed rate reduced to 2.75% from 2.99%, 80% LTV, £995 product fee
Three-year fixed rate reduced to 3.05% from 3.19%, 80% LTV, £995 product fee
Three-year fixed rate reduced to 3.54% from 3.75%, 85% LTV, £995 product fee
Five-year fixed rate reduced to 2.88% from 2.99%, 60% LTV, £995 product fee
Five-year fixed rate reduced to 3.19% from 3.29%, 60% LTV, no product fee
Five-year fixed rate reduced to 3.59% from 3.79%, 80% LTV, £995 product fee
Bullard added: “Although we are increasing the rates on some of our buy-to-let deals, I am happy to report we have had a great response to the new criteria and increased proc fees that were introduced last month.
"We now have a broad range of buy-to-let deals giving brokers plenty of options with which to target the amateur landlord sector.”
Buy-to-let purchase and remortgage rate increases:
Two-year fixed rate raised to 2.99% from 2.79%, 60% LTV, £1,995 product fee
Two-year fixed rate raised to 4.09% from 3.79%, 60% LTV, no product fee
Two-year tracker raised to 2.89% from 2.69%, 60% LTV, £1,995 product fee
Two-year tracker raised to 3.99% from 3.69%, 60% LTV, no product fee
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