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Natwest cuts BTL rates on back of increased “appetite to lend”

NatWest Intermediary Solutions has cut its standard buy-to-let two-year fixed range for purchase and remortgage products by 19-23 bps, as it continues to slash rates across its fixed rate mortgage offers.

The lender has reduced its two-, three- and five-year fixes as well as its residential remortgage fee-based loans by up to 0.25%.

Within the residential purchase range, rates have been reduced by between 5-25 bps on the two-year fixed rate deals and between 6-24 bps on the five-year fixed rate deals.

The three-year fixed rate 60% loan-to-value (LTV) fee product has also been reduced by 6 bps.

Natwest has also cut its rate for first-time buyers using the Help to Buy: Mortgage Guarantee Scheme by 10bps to 3.81% on its 95% LTV two-year fixed no fee product.

Mark Bullard, head of sales at NatWest Intermediary Solutions, commented: “Having broadened our product range in recent months, I am delighted that we are able to introduce a significant number of rate reductions – between 5bps – 25bps – across the full LTV range.

“We continue to have an appetite to lend and have maintained an attractive range of mortgages offering brokers and their customers a great choice whether they are first-time buyers, homebuyers, remortgaging or buy-to-let investors.”

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