NatWest releases 95 per cent LTV mortgages rates


Employed and self-employed borrowers will be eligible with the mortgages open to FTBs and home movers

NatWest has released the rates for its 95 per cent loan to value (LTV) mortgages being launched through the government’s mortgage guarantee scheme.

The products will be available on 19 April and include two deals, but will only be available direct to begin with.

The bank did not confirm when the range would be available through brokers, but said it would be in due course.

There is a two-year fix with a rate of 3.9 per cent and a five-year fix set at 4.04 per cent. Both products have no fees and details about maximum loan sizes are not available yet.

Employed and self-employed borrowers will be eligible with the mortgages open to first-time buyers (FTBs) and home movers.

Miguel Sard, managing director of home buying and ownership at NatWest said: We welcome the government’s new mortgage guarantee scheme to give further support to those with smaller deposits.

For those customers, particular younger or first-time buyers, saving up for a big deposit can often be difficult, and we know people in these groups are some of the hardest hit by the effects of the pandemic, Sard said.

He added: A government-backed scheme will help segments of the market for whom home ownership has felt far out of reach in recent months.

The bank has also reduced rates by up to 0.15 per cent on its residential range.

Two-year fixed residential products have had rates cuts up to five basis points (bps) including the 70 per cent LTV offering with a £1,495 fee. This has been reduced to 1.28 per cent from 1.33 per cent.

The fee-free two-year fixed product at 90 per cent LTV has been reduced from 3.43 per cent to 3.38 per cent.

The Help to Buy range received the largest reductions, including the five-year fixes at both 70 and 75 per cent LTV both reduced by 15 bps to 1.93 per cent.

The two-year fixes for Help to Buy at 70 and 75 per cent LTV have been cut by 10 bps to 1.78 per cent and £250 cashback has been added.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of Getting Money Wise. The information provided on Getting Money Wise is intended for informational purposes only. Getting Money Wise is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.

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