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NatWest to cut rates by up to 30bps


NatWest Intermediary Solutions is cutting rates on a number of products from its core residential range by up to 30bps from tomorrow.

The rate on its two-year tracker up to 75 per cent LTV is being cut from 3.45 per cent to 3.15 per cent, with no product fee.

The rate on the five-year fix up to 75 per cent LTV is being cut by 20bps, from 3.35 per cent to 3.15 per cent.

In total, the rates on 18 of the lender’s 60 per cent, 70 per cent and 75 per cent LTV purchase and remortgage deals are being reduced.

NatWest Intermediary Solutions head of sales Mark Bullard says: “From the start of the year we have been building a more attractive range of products for the broker market in support of our greater appetite to lend. So, I am pleased to be able to further improve the value that intermediaries can offer their clients.”


Labour hits out at Govt over £1.1bn bank levy shortfall

Labour has attacked the Government’s bank levy for raising £1.1bn less revenue in the last year than originally planned, claiming it needs to be redesigned. In a finance bill debate last week, shadow Treasury financial secretary Chris Leslie said chancellor George Osborne had been “tremendously generous” to banks. The Government targeted annual revenue of £2.5bn […]

Multi-manager’s view: QE weighs on investors’ minds

The impact of macroeconomic trends, political intervention and sector themes are all leading to rising uncertainty for investors and wealth managers. The days when bond investors’ main concerns were the relative simplicities of maturity, coupon and yield curves appear to be gone. Instead, markets are being swayed by short-term swings in sentiment and focus. With […]

Partnership poaches Friends Life longevity director Richard Willets

Partnership has recruited Richard Willets as director of longevity from rival provider Friends Life. Willets has been at Friends since July 2011, where he was also director of longevity. Before joining Friends Willets held a similar role at pension buyout specialist Paternoster. Partnership chief financial officer David Richardson says: “Richard is recognised across the insurance […]

Matthews to succeed Buxton on Schroder UK Alpha Plus

Jupiter’s Philip Matthews has been named as Richard Buxton’s successor on the £3.4bn Schroder UK Alpha Plus fund.  How do the two fund managers compare? Matthews is currently sole manager of the £366m Jupiter Growth & Income fund and co-manager on the Jupiter Income and Jupiter UK Alpha funds. He will join Schroders in October while Buxton […]

Help, I’ve been appointed as a trustee. What are my responsibilities?

Graeme Robb, Technical Manager at Prudential looks at the key duties and responsibilities of a trustee.  This article will consider the following: Duties to be performed on appointment Investment duties Protecting the interests of beneficiaries Keeping accounts and records Distributing property to beneficiaries Duties to be performed on appointment Obtain a copy of the trust […]


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