New NatWest deals for first-time buyers

NatWest Intermediary Solutions is tomorrow (12 June) launching a number of new ‘no product fee’ higher LTV deals into its intermediary Core range, exclusively for first-time buyers.

The lender is also reducing rates across a number of other purchase and remortgage deals.

There are four new first-time buyer products: A pair of two-year fixed rate deals – a 3.49% at 80% LTV and a 3.99% at 85% LTV – and two five-year fixed rate deals – a 3.89% at 80% LTV and a 4.49% at 85% LTV. There are no product fees on these deals.

Meanwhile, NatWest is decreasing rates on a number of purchase and remortgage deals including a 20bps reduction on its five-year fixed rate, 80% LTV, product from 4.29% to 4.09%; a 14bps decrease to its two-year fixed rate, 80% LTV, product from 3.89% to 3.75%; and a 14bps reduction on its two-year tracker, 80% LTV, product from 3.89% to 3.75%.

Mark Bullard, head of sales at NatWest Intermediary Solutions, said: “Having recently launched a number of 90% LTV deals and entered the Help to Buy and NewBuy schemes, we have focused our attention next on bringing out some deals for first time buyers that have been able to save up for a good-sized deposit.

“We are very keen to provide support to the first time buyer market so this move gives intermediaries some additional deals to target their clients with.

“We have also sharpened up a number of our purchase and remortgage deals in the mid-LTV ranges enabling us to continue to offer a very attractive and extensive portfolio of mortgage for intermediaries.”