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

Financial services firms sign skills pact ahead of Chancellor’s Mansion House speech

More than 20 financial services organisations have signed a new agreement with government aimed...

Brilliant Solutions partners with Box Socials

Brilliant Solutions has partnered with Box Socials to give its members discounted access to...

Mortgage rates fall at fastest pace in almost two years

Fixed mortgage rates have recorded their biggest monthly reductions for almost two years, as...

Solo first-time buyers face almost a decade of saving before they can buy

Solo first-time buyers face saving for almost a decade before they can afford to...

Redwood Bank strengthens underwriting team with senior appointment

Redwood Bank has appointed Omkar Hushing as senior underwriting manager as it continues to...

Latest publication

Other news

Q&A: Claire Cherrington, PMS and Bankhall

Mortgage Soup fires the questions at Claire Cherrington, director of PMS and Bankhall. Mortgage Soup...

Financial services firms sign skills pact ahead of Chancellor’s Mansion House speech

More than 20 financial services organisations have signed a new agreement with government aimed...

How brokers can secure better client outcomes in a volatile market

Experience has always counted in the mortgage market. Brokers who worked through the financial...