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NatWest cuts buy-to-let rates by up to 1.4%

NatWest Intermediary Solutions is reducing the rates on its buy-to-let range by up to 1.4 per cent.

From tomorrow, the lender is reducing a selection of two-year buy-to-let fixed rate products by 1.3 per cent to 4.39 per cent. It is also reducing a two-year fixed rate up to 60 per cent LTV by 1.4 per cent to 3.99 per cent.

NatWest is also reducing a number of its residential mortgage products by up to 0.46 per cent. Its 18 month tracker up to 75 per cent LTV is now available for 2.69 per cent, after it was reduced by 0.2 per cent. It has also dropped the rates on its 75 per cent LTV two-year fixed rate by 0.46 per cent, from 3.65 per cent to 3.19 per cent.

The lender has also cut its corporate rates by up to 0.7 per cent.

Head of sales Mark Bullard says: “Having reviewed our product range in the context of the current market conditions I am delighted that we are able to introduce these rate reductions. It means we now have a number of very competitive mortgages in both our core and corporate ranges, appealing to a broad spectrum of intermediary firms, in a number of different market sectors.”

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