NatWest Intermediary Solutions is launching a new 90 per cent loan-to-value mortgage and is reducing the rates on a number of its other products by up to 0.8 per cent .
The 90 per cent LTV deal is available at 6.19 per cent. The lender is also launching a five-year fixed at 60 per cent LTV with a rate of 4.49 per cent.
NatWest will reduce its 90 per cent LTV five-year fixed rate mortgage by 0.5 per cent from 6.99 to 6.49 per cent. The two-year fixed rate at 80 per cent LTV mortgage will drop by 0.8 per cent from 5.29 to 4.49 per cent and its two-year fixed rate 75 per cent LTV mortgage will reduce by 0.10 per cent from 3.64 per cent to 3.54 per cent.
NatWest Intermediary Solutions head of sales Mark Bullard says: “The two new purchase mortgages will give intermediaries more choice at the different ends of the LTV spectrum. The new 90 per cent LTV product now means that brokers can offer first-time buyers a choice of a two or five year fixed rate mortgage.”