Tomorrow, NatWest Intermediary Solutions will be launching a new range of semi-exclusive residential and buy-to-let mortgage deals for intermediaries. There will be a mix of 2 and 5 year fixed rate and 2 year tracker deals, as well as products specifically for first-time buyers.
For each LTV on the fixed rate and tracker residential (except first-time buyer products) and buy-to-let deals, brokers have a choice of a higher rate/no product fee or a lower rate/£995 (residential) or £1,995 (buy-to-let) product fee. The residential deals offer LTVs from 60%-90%, the buy-to-let deals offer LTVs from 60%-75% and the first-time buyer deals offer LTVs from 80%-90%.
The 2 year fixed rate residential range starts with a 60% LTV mortgage at 1.54% with a £995 product fee and a 2.34% with no product fee. The 5 year range starts with a 2.33% with a £995 product fee 60% LTV deal and a 2.90% 60% LTV with no product fee.
The first-time buyer only 2 year fixed rate 80% LTV deal offers a rate of 2.49% with no product fee and the 5 year 80% LTV mortgage offers a rate of 3.30% with no product fee.
The 2 year fixed rate buy-to-let range starts with a 60% LTV mortgage at 2.02% with a £1,995 product fee and a 3.03% with no product fee. The 5 year range starts with a 3.18% with a £1,995 product fee 60% LTV deal and a 3.79% 60% LTV with no product fee.
There are also some changes to the core range that include a mix of rate decreases of up to 8bps and increases of up to 20bps.
Mark Bullard, Head of Sales, NatWest Intermediary Solutions, said: “I am delighted that we are able to offer our intermediary partners an additional range of semi-exclusive
mortgages to run alongside our core range. We have focused on the 2 and 5 year terms to provide a great choice of LTVs and deals with and without product fees giving brokers a plenty of flexibility to match the most appropriate products to their customers’ needs.”
Residential – purchase and remortgage
2 year fixed rate deals
£995 product fee:
60% LTV 1.54%, 70% LTV 1.74%, 75% LTV 1.77%, 80% LTV 1.88%, 85% LTV 2.08%,
90% LTV 2.71%
£0 product fee
60% LTV 2.34%, 70% LTV 2.39%, 75% LTV 2.43%, 80% LTV 2.53%, 85% LTV 2.68%,
90% LTV 3.25%
5 year fixed rate deals
£995 product fee:
60% LTV 2.33%, 70% LTV 2.53%, 75% LTV 2.68%, 80% LTV 2.78%, 85% LTV 3.08%,
90% LTV 3.43%
£0 product fee
60% LTV 2.90%, 70% LTV 2.98%, 75% LTV 3.19%, 80% LTV 3.35%, 85% LTV 3.38%, 90% LTV 3.93%
2 year tracker deals
£995 product fee:
60% LTV 1.44%, 70% LTV 1.64%, 75% LTV 1.67%
£0 product fee:
60% LTV 2.24%, 70% LTV 2.29%, 75% LTV 2.33%
First-time buyer purchase
2 year fixed rate deals
£0 product fee:
80% LTV 2.49%, 85% LTV 2.63%, 90% LTV 3.19%
5 year fixed rate deals
£0 product fee:
80% LTV 3.30%, 85% LTV 3.33%, 90% LTV 3.89%
Buy-to-let – purchase and remortgage
2 year fixed rate deals
£1,995 product fee:
60% LTV 2.02%, 70% LTV 2.37%, 75% LTV 2.53%
£0 product fee:
60% LTV 3.03%, 70% LTV 3.58%, 75% LTV 3.64%
5 year fixed rate deals
£1,995 product fee:
60% LTV 3.18%, 70% LTV 3.62%, 75% LTV 3.78%
£0 product fee
60% LTV 3.79%, 70% LTV 4.44%, 75% LTV 4.58%
2 year tracker deals
£1,995 product fee:
60% LTV 1.73%, 70% LTV 2.25%, 75% LTV 2.29%
£0 product fee:
60% LTV 2.78%, 70% LTV 3.28%, 75% LTV 3.34%
