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

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

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Newcastle for Intermediaries adds three-year fix range to mortgage offering

Newcastle for Intermediaries has introduced a new range of three-year fixed rate products. It said...

Mortgage product availability surpasses 25,000 for the first time

The number of mortgage products available in the UK has reached an all-time high,...

ASG Finance launches loan for HNW investors

ASG Finance has introduced its latest funding initiative: the ‘Base Rate Beater’ secured investment...

Other news

Why it matters that bridging hit more than £10bn last year

We see many numbers bandied around in the financial industry, which can sometimes have...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Newcastle for Intermediaries adds three-year fix range to mortgage offering

Newcastle for Intermediaries has introduced a new range of three-year fixed rate products. It said...