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

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...

FCA finds protection market delivering good outcomes, says TPFG

The Property Franchise Group PLC (TPFG) has responded to the publication of the Financial...

Conditional selling remains industry flashpoint as enforcement lags

Conditional selling remains one of the most persistent and contentious issues facing the UK...

Latest publication

Other news

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...