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Natwest launches two 85 per cent LTV mortgages

Natwest Intermediary Solutions has added two 85 per cent LTV fixed rate mortgages to its core range as well as a 90 per cent LTV two year fixed rate corporate exclusive.

The two 85 per cent LTV mortgages are a two year fixed rate purchase and a two year fixed rate remortgage. Both are offering an initial rate of 5.29 per cent with a £999 fee.

The corporate exclusive is for the LSL Group and is a two year fixed rate 90 per cent purchase mortgage with an initial rate of 5.99 per cent and a £999 fee.

Natwest is also lowering the rate on its core range two year fixed rate 80 per cent LTV purchase mortgage from 4.49 per cent to 4.39 per cent. The firm says a number of other core range products will see their rates fall between 0.1 and 0.4 per cent.

Head of sales Mark Bullard says: “Following dialogue with our intermediary partners, we are pleased to introduce the two new 85 per cent LTV products which now gives us a very broad range of mortgages across the LTV mix from 50 per cent right up to 90 per cent. We have been delighted with the demand from intermediaries for our products so far this year and will continue to build on the success of our joint efforts to improve application packaging which helps us to preserve our service standards and speed to offer.”

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  1. It is NatWest Intermediary Solutions and not Nationwide who have launched the new rates and the LSL exclusive rate

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