NatWest cuts sub-85% LTV 5-year fixes

Its 5-year fixes now stand at 2.25% (-0.28%) to 60% LTV, 2.53% (-0.20%) to 70% LTV, 2.63% (-0.25%) to 75% LTV, 2.74% (-0.24%) to 80% LTV and 3.00% (-0.28%) to 85% LTV.

NatWest Intermediary Solutions is reducing 5-year fixed rate mortgages under 85% loan-to-value by between 0.20% and 0.28%.

Its 5-year fixes now stand at 2.25% (-0.28%) to 60% LTV, 2.53% (-0.20%) to 70% LTV, 2.63% (-0.25%) to 75% LTV, 2.74% (-0.24%) to 80% LTV and 3.00% (-0.28%) to 85% LTV.

Mark Bullard, head of sales at NatWest Intermediary Solutions, said: “5-year fixed rate deals are popular with many mortgage advisers and their customers as it gives them long-term certainty about their mortgage payments so we are pleased that we are able to offer them more attractive rates across the majority of our LTV options.”

The lender has raised some high LTV products, as its 90% LTV 5-year fix for purchase now stands at 3.65% (+0.05%) with no fee and its 2-year fix for purchase or remortgage costs 2.60% (+0.10%) with a £995 fee.

Help to Buy mortgage guarantee scheme mortgages for purchase have also seen rate increases, as 95% LTV 2-year fixes now stand at 3.99% (+0.20%) and 95% LTV 5-year fixes stand at 4.69% (+0.08%).