NatWest announces rate increases

Published on

NatWest is introducing tomorrow (12 December) rate changes on selected core and semi-exclusive residential and buy-to-let products.

Mark Bullard (pictured), its head of sales, said: “We have taken this time to reposition our portfolio to reflect the current market conditions and balance our mix of business.”

Changes are as follows:

Semi-Exclusive Range:

Purchase

  • New 2 year rate 95% product with free valuation
  • Rate increases of 1bps on 70% and 75% 2 year rate deals
  • Rate decreases of up to 7bps on 85% and 90% 2 year rate deals
  • Rate increases of up to 8bps on selected 5 year rate deals

Remortgage

  • New 2 year rate products, from 60% to 90% LTV
  • Rate increases of up to 3bps on selected 2 year rate deals
  • Rate increases of up to 14bps on selected 5 year rate deals

First time Buyer

  • Rate increases of up to 7bps on selected 5 year rate deals

Buy to Let:

Purchase

  • Rate increases of up to 11bps on selected 2 year rate deals
  • Rate increases of up to 3bps on selected 5 year rate deals

Remortgage

  • Rate increases of up to 4bps on selected 2 year rate deals
  • Rate increases of up to 4bps on selected 5 year rate deals

Core Range:

Purchase

  • Rate increases of 1bps on 60% and 9bps on 95% 2 year rate deals
  • Rate increases of 2bps on 80% 5 year rate deal

Remortgage

  • Rate increases of up to 50bps on selected 2 year rate deals
  • Rate increases of up to 50bps on selected 5 year rate deals
  • Rate increases of up to 36bps on selected 2 year rate high value deals
  • Rate increases of up to 44bps on selected 5 year rate high value deals

First time Buyer

  • Rate increase of  4ps on 90% 5 year rate deal

Buy to Let:

Remortgage

  • Rate increases of up to 50bps on selected 2 year rate deals
  • Rate increases of up to 50bps on selected 5 year rate deals
  • Rate increase of up to 30bps and fee increase on selected 60% 70 and 75% deals

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Seven out of 10 homebuyers likely to miss stamp duty deadline

Seven out of 10 (71%) homebuyers with accepted offers expect to miss the 31st...

First-time buyer mortgage sales declined in London over the past decade

First-time buyer mortgage sales in London declined significantly between 2013 and 2023, as increasing...

UTB appoints BDM for the north and Scotland

Fran Arnold has joined the sales team at United Trust Bank Mortgages as business...

International demand for UK property investment ‘more diverse than expected’

The UK property market is attracting investment from a much broader range of international...

Other news

Seven out of 10 homebuyers likely to miss stamp duty deadline

Seven out of 10 (71%) homebuyers with accepted offers expect to miss the 31st...

First-time buyer mortgage sales declined in London over the past decade

First-time buyer mortgage sales in London declined significantly between 2013 and 2023, as increasing...

UTB appoints BDM for the north and Scotland

Fran Arnold has joined the sales team at United Trust Bank Mortgages as business...