NatWest has introduced rate reductions on selected core and semi-exclusive residential products.
It has made further rate reductions of up to 70bps across its product portfolios for both new and existing customers.
Mark Bullard, head of sales, said: “These changes once again underline our commitment to the intermediary market. I’m pleased that we have been able to make further rate reductions to our buy-to-let and purchase portfolios, across a wide variety of LTV bandings and two and five-year deals.”
Here’s a summary of the changes:
New Business
Intermediary Exclusives
- Purchase: Rate reductions of up to 70bps on selected two-year deals and up to 15bps on selected five-year deals
- Remortgage: Rate reductions of up to 47bps on selected two-year deals and up to 5bps on selected five-year deals
- Buy-to-let -Purchase: Rate reductions of up to 15bps on selected two and five-year deals
Core Range
- Purchase: Rate reductions of up to 12bps on selected two-year deals and up to 5bps on selected five-year deals
- Remortgage: Rate reduction of 7bps on five-year 90% LTV deal
- Buy-to-let – purchase: Rate reductions of up to 18bps on selected two-year deals and up to 23bps on selected five-year deals
- Buy-to-let – remortgage: Rate reductions of up to 53bps on selected two-year deals and up to 26bps on selected five-year deals
Existing Customers:
Core Range
- Switcher: Rate reductions of up to 13bps on two-year deals and up to 5bps on five-year deals
- Buy-to-let – switcher: Rate reductions of up to 11bps on selected five-year deals
End dates:
Two-year term end dates moving from 31 January 2022 to 31 March 2022
Five-year term end dates moving from 31 January 2025 to 31 March 2025
