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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.”
NatWest to accept Help to Buy and NewBuy mortgage applications.
NatWest Intermediary Solutions has confirmed it will start accepting mortgage applications from mortgage broker’s clients using the Help to Buy shared equity and NewBuy schemes.
The Help to Buy scheme is available through selected mortgage brokers only.
NatWest has two shared equity mortgage deals available for applicants – a 2-year fixed rate at 3.15% and a 5-year fixed rate at 3.59%, both with no product fees.
The NewBuy scheme is available to those intermediaries that are on the selected panels of participating builders and developers.
NatWest is also launching two specific mortgages to support the scheme – a 2-year fixed rate at 4.49% and a 5-year fixed rate at 4.79%, both with no product fees.
The bank will begin accepting applications from 15th May.
NatWest have new products out
1.95% 2 Year 60% Fixed
Fixed until 31/10/2015
Max 60% LTV
£1,495 product fee
2.75% 5 Year 60% Fixed
Fixed until 31/10/2018
Max 60% LTV
£1,495 product fee
3.39% 3 Year 80% Fixed
Fixed until 31/10/2016
Max 80% LTV
£995 product fee
4.59% 2 Year 90% Fixed
Fixed until 31/10/2015
Max 90% LTV
£995 product fee
All above products are available for purchase & remortgage, and have a free valuation & free legals for remortgages