NatWest cuts rates by up to 84bps

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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

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