Natwest cuts residential fixed rates

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Natwest Intermediary Solutions has announced it will be cutting fixed rates on its standard house purchase products by up to 0.25% this week. The reductions have now been applied to the lender’s two, three and five year fixed rates, as well as the lender’s remortgage fee-based loans.

As far as the lender’s residential purchase range is concerned, a selection of rates have also been reduced for two and five year fixed rate deals. Three year fixed rate products up to 60% loan to value (LTV) have also witnessed rate changes. 

As well as reducing the rate for first time buyers using the Help to Buy scheme, to 3.81% on its 95% LTV two year fixed, no-fee product, the lender’s standard buy to let two year fixed range has also witnessed a selection of rate cuts.

Natwest is not the only lender to continuing cutting its rates, however, with Accord also applying changes to its remortgage rates, with some reductions of up to 0.15%.

The lender has now made reductions across its 75%, 80% and 85% LTV products, which also come with a choice of incentives. New products from the lender now include a two year fixed rate at 1.34% up to 65% LTV, or a two year fixed rate at 1.44% for borrowers with a 25% deposit. Both mortgages come with a £845 product fee, free standard valuation plus standard legal fees.

Elsewhere, Investec Private Banking has equally cut its mortgage rates, this time buy up to 0.6%. New rates include a three year fixed rate at 2.14% up to 60% LTV and a five year fix with a rate of 2.39%.

75% LTV mortgages are also now available from 2.49%, while 85% LTV products come with a 2.89% rate. The lender’s variable rate has also been reduced to 3.74%, with new lifetime tracker and fixed rates added to the 70% and 80% LTV range, including trackers from 2.24% and a three year fix from 2.39%.