NatWest reduces mortgage rates despite interest freeze
By Tom WrightNatWest Intermediary Solutions has cut rates to a number of its buy-to-let and residential mortgages portfolio…
Section: Products
NatWest Intermediary Solutions has cut rates to a number of its buy-to-let and residential mortgages portfolio.
The bank has made rate reductions of between 9 and 23bps on its 2-year and 5-year fixed buy-to-let deals, as well as on the 2-year tracker rates.
Paul Kane, Acting Head of Sales for NatWest Intermediary Solutions, said: “We continue to have a healthy appetite to grow our presence in the buy-to-let market and have been working hard alongside our broker partners to improve our proposition in this competitive sector.”
“These rate changes should provide a good indicator of our intent to make further progress with buy-to-let business for the remainder of this year and into 2016.”
Rates will also decrease on a number of residential 90% and 95% LTV deals including a 46bps cut on the 5-year fixed rate 95% LTV mortgage.
A few very small rate increases have taken place on the 2-year 70% LTV deals.
Paul added: “We have maintained a strong commitment to first-time buyers by including a range of higher LTV residential and specific Help to Buy scheme products in our intermediary portfolio, so I am delighted that we are able to improve the rates on these deals, supporting customers looking to buy their first property.”
Keywords: natwest, intermediaries, buy-to-let, bridging and commercial, B&C, paul kane,