Natwest Intermediary Solutions has announced it will be reducing rates across a number of high loan to value (LTV) residential mortgages, including deals for first time buyers and selected residential and buy to let mortgage rates.
Natwest residential mortgage rates have witnessed the greatest flurry of changes, including the lenders 2 year fixed rate at 90% LTV with a £995 product fee, which will now be reduced from 2.91% to 2.5% and from 3.45% to 2.98% for 2 year fixes at 90% LTV with no product fee. 2 year Help to Buy fixed rates at 95% LTV with no product fee has also witnessed a reduction from 4.24% to 3.79%.
Natwest continued to revealed great news for first time buyers this week, with 2 year fixes at 90% LTV with no product fee being cut from 3.39% to 2.94% and from 4.09% to 3.6% on its 5 year fixed rate at 90% LTV. For first time buyer purchases only, on the other hand, Natwest’s 2 year fixed rate deals with no product fee have been reduced from 3.39% to 2.94% and from 4.09% to 3.6% for a 5 year fixed rate deal at 90% LTV.
As far as buy to let purchase and remortgage offers are concerned, 2 year fixed rate deals at 60% LTV have reduced from 2.22% to 2.18% and from 2.57% to 2.54% at 70% LTV, and from 3.82% to 3.79% for 5 year fixes at 70% LTV – all with a £1,995 product fee.
Yet that’s not all from the lender’s latest releases. Purchase and remortgage rates have also been lowered significantly this week, with 2 year fixed rates at 90% LTV with a £995 product fee decreasing from 2.91% to 2% and from 3.45% to 2.98% for those with no fee. 3 year fixed rates at 90% LTV were also reduced from 3.31% to 3.11% and 3.78% to 3.58% respectively. 3 year fixes at 60% LTV were reduced from 2.52% to 2.56%.
To top it all off, the lenders 5 year fixed rate deals at 90% LTV now stand at 3.43% from 3.36% with a £995 fee and at 3.89% from 4.13% for those with no product fee.