Good news for those people seeking mortgage deals is that NatWest Intermediary Solutions is making two of its 90 per cent LTV mortgages available to all new applicants. It is even better news in that applicants will no longer be required to hold an account with NatWest to access this product, which involves a two-year fixed rate of 5.99 per cent up to 90 per cent LTV, with no product fee, being moved to the core range from the current account range.
Applicants will also be able to access a five-year fixed rate of 6.29 per cent up to 90 per cent LTV. A number of new products are also being launched. For example, a two-year fixed rate of 3.15 per cent up to 75 per cent with no fee is being introduced as a shared equity deal along with a five-year fixed rate of 4.29 per cent up to the same LTV and with no fee.
Three-year fixed rates of 2.55 per cent and 2.89 per cent, both up to 60 per cent LTV, are being added to the core range, where the former requires a £995 fee.
NatWest Intermediary Solutions head of sales Mark Bullard said that they had taken the opportunity to simplify their portfolio by making all their deals available in their Core range. This meant that the 90 per cent LTV mortgages, which had proved popular with those applicants who banked with NatWest or RBS, were now open to all clients.
He went on to say that the new 3 year deals being launched gave brokers greater choice in the 60 per cent LTV sector and by sharpening up their 2 and 5 year 60 per cent LTV deals they could offer intermediaries some of the best rates on the market. The changes they were introducing meant that they would now have an even broader spread of deals to accommodate clients at pretty much all levels of the LTV spectrum.