NatWest hikes rates by up to 0.40% for selected products
NatWest Intermediary Solutions will be increasing rates of between 0.10-0.40% on a number of its fixed rate residential purchase and remortgage deals – the majority being a 0.30% increase or less.
Its 3 year fixed rate 85% LTV deal is decreasing by 0.40% from 4.35% to 3.95%.
The bank is launching two new 3 year fixed rate deals and a sub-2% 2 year tracker to its residential intermediary mortgage range tomorrow, along with a number of rate changes.
The new residential purchase and remortgage deals are a 3 year fixed rate 3.09%, 80% LTV, £995 product fee; a 3 year fixed rate 3.75%, 80% LTV, no product fee; and a 2 year tracker 1.95%, 70% LTV, £995 product fee.
Mark Bullard, Head of Sales, NatWest Intermediary Solutions said:
“It’s been a tremendous start to the year and we are delighted with the level of support we have received from intermediaries. The prevailing market conditions mean that we have had to raise rates on a number of mortgages in our residential range but I am pleased that we have been able to add three new deals to maintain such a comprehensive choice. Having two sub-2% two year tracker products in our portfolio also provides brokers with different options for their clients.”
Contact Integrity IFA for independent mortgage advise on 01316530588