NatWest cuts rates by up to 84bps

Published on

NatWest has made a series of changes across its product portfolio for both new business and existing customers.

The changes are as follows:

New Business:

Core Range – New Products

  • Green Purchase: 3 new purchase products, covering both 2 and 5 year deals
  • Green Remortgage: 1 new 5 year 60% LTV remortgage product, with £350 cashback

Core Range – Rate Changes

  • Purchase: Rate reductions of up to 13bps and 12bps on 2 and 5 year deals respectively
  • First Time Buyer: Rate reductions of up to 10bps and 11bps on selected 2 and 5 year deals
  • Mortgage Guarantee Scheme: Rate reduction of 13bps and 10bps on 95% LTV 2 and 5 year deals
  • Buy to Let – Purchase Rate reductions of up to 14bps on selected 2 year deals
  • Buy to Let – Remortgage: Rate reduction of 4bps on 60% LTV 2 year deal
  • Green Remortgage: Rate reduction of 1bps on 60% LTV 2 year deal

Core Range – Cashback Changes

  • Green Purchase: Cashback increasing from £250 to £350 on selected 5 year deals
  • Green Remortgage: Cashback increasing from £250 to £350 on selected 5 year deals

Core Range – Withdrawals

  • Tracker Purchase: Withdrawal 70% and 75% LTV 2 year tracker products
  • Tracker Remortgage: Withdrawal of a 70% LTV 2 year product

Existing Customers:

Core Range – Rate Changes

  • Switcher: Rate reductions of up to 3bps and 5bps on 2 and 5 year deals respectively
  • Switcher – High Value Rate reductions of up to 3bps and 5bps on 2 and 5 year deals respectively
  • Switcher – Buy to Let Rate reductions of up to 69bps and 84bps on 2 and 5 year deals respectively

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

FCA warns of surge in impersonation scams as fraudsters target older victims

Almost 5,000 reports of fraudsters impersonating the Financial Conduct Authority (FCA) were made in...

AS Financial rebrands to showcase growth beyond mortgages

AS Financial, the London-based financial advisory firm, has unveiled a bold new brand identity...

Reward Funding passes lending milestone

Reward Funding has passed the £350m loan book milestone for the first time in...

London’s luxury lettings market surges 154% as wealthy tenants opt to rent

London’s prime lettings market has more than doubled in size during the first half...

3.3 million households locked out of home ownership

More than three million households have been priced out of home ownership since the...

Latest publication

Latest opinions

Bridging the Pond: How large is the US bridging finance market, and compared to the UK?

When we first got started with LendInvest in the UK, post the financial crisis,...

Passing the affordability exam

As teachers and students of various ages have spent August nervously opening exam results...

Investors are changing their approach – and lenders should too

The buy-to-let market never stands still, but the pace of change in recent years...

Leasehold fees, specialists and the need to shop around

Leasehold properties account for around 20% of all dwellings in the UK, and while...

Other news

Getting to know you: Mike Lawlor, Integrity Wealth Management

Name: Mike Lawlor Age: 48 Location: High Barnet Qualification Year: 2004 Firm: Integrity Wealth Management Specialty: Large loans Education: Politics...

FCA warns of surge in impersonation scams as fraudsters target older victims

Almost 5,000 reports of fraudsters impersonating the Financial Conduct Authority (FCA) were made in...

AS Financial rebrands to showcase growth beyond mortgages

AS Financial, the London-based financial advisory firm, has unveiled a bold new brand identity...