NatWest increases rates and launches exclusives

In its corporate range it has launched a 2-year fixed rate at 60% loan to value, with an initial rate of 3.39%. It has also launched an 18 month tracker at 75% LTV with an initial rate of 2.99%; and a 2-year tracker with an initial rate of 4.39%.

The lender is also introducing two exclusive deals for specific AR firms. They are a 2-year fixed rate, 75% LTV, purchase and remortgage product with an initial rate of 3.59% and a 2-year fixed rate, 90% LTV, purchase mortgage offering an initial rate of 5.79%.

At the same time NatWest is increasing rates on selected existing deals.

In the core range, the rate on its 2-year fixed rate, 80% LTV will increase by 0.26% from 3.69% to 3.95%.

In its corporate range the 2-year tracker, 85% LTV remortgage will increase by 0.70% from 3.69% to 4.39% and its 2-year fixed rate, 85% LTV remortgage will see a new fee of £999 introduced.

Graham Felstead, head of intermediary channel at NatWest Intermediary Solutions, said: “Having reviewed our intermediary mortgage offer we have been able to introduce some really good additions to our corporate range, including the previously popular 18 month tracker product.

“The launch of these new products maintains our broad coverage across LTVs up to 90%.”