NatWest cuts residential and BTL rates by up to 1.47%

NatWest cuts residential and BTL rates by up to 1.47%

NatWest has reduced its rates on buy-to-let and residential purchase deals by up to 1.47% and 0.90% respectively.

 

The rate cuts will be effective from Tuesday 30 April.

The lender has also introduced a £250 cashback on selected residential rates and cut BTL fees to £995 from £1,995.

On its shared equity range, rates will be cut by up to 27bps and £250 cashback will be introduced on two-year products.

The bank has also launched two-year intermediary exclusives between 60-90 per cent LTV with £250 cashback and it has cut pricing on the two-year 95 per cent LTV product by 1bps.

Additionally, NatWest is moving its term end dates from the 30 June to 31 October.

Mark Bullard, head of sales (pictured), said: “We have taken this opportunity to review our proposition to ensure it is in line with current market conditions.

“We are delighted to be introducing some significant rate reductions particularly amongst our shared equity offering and also across our product portfolio, which we believe further emphasises our commitment to the broker market.”

This morning, NatWest and RBS customers experienced problems accessing mobile and online banking services for a short period. However, the lender has said that all services are back up and running as normal.

SOURCE: mortgagesolutions

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