NatWest Intermediary Solutions cuts fixed rate

NatWest Intermediary Solutions is cutting its five-year fixed rate at 60 per cent LTV by 0.1 per cent to 2.99 per cent and is also introducing a number of new 70 per cent LTV mortgages starting at 2.85 per cent.

The 2.99 per cent deal is available in both its main bank – for customers who pay £1,000 a month into a NatWest or Royal Bank of Scotland current account – and core ranges. The main bank deals come with £250 cash back. The new 70 per cent LTV range includes a two-year fixed rate at 2.85 per cent, with a £995 fee, and a 3.29 per cent two-year fixed rate, which is fee-free. It also includes a £995 and fee-free five-year fixed rate at 3.49 per cent and 3.79 per cent, respectively. The mortgages are available for purchase and remortgage customers. Head of sales Mark Bullard says: “There is a growing demand from intermediaries’ clients to stabilize their mortgage payments over a five-year period, so I am expecting that our new sub-3 per cent deal will prove to be popular. And, by adding in the 70 per cent LTV deals, we have extended the choice of LTVs so that every 5 per cent incremental step is covered from 60-80 per cent.”