NatWest is cutting rates on selected core and semi-exclusive residential products tomorrow (16 May).
These include reductions of up to 7bps on selected exclusive five-year fixed rate purchase deals and 5bps on selected five-year fixed rate remortgage deals
Mark Bullard, head of sales said: “We have taken this opportunity to review our proposition to ensure it is in line with current market conditions. We are happy to be introducing some rate reductions across our core and exclusive product ranges and believe that this further emphasises our commitment to the broker market.’
The changes are as follows:
New Business
- Core Range
- Purchase: Rate reduction of 2bps on 70% and 5bps increase on 90% two-year fixed rate purchase deals.
- Rate reduction of up to 4bps on selected five-year fixed rate purchase deals
- Remortgage: Rate increase of 4bps on 90% two-year fixed rate remortgage deal
- Rate reductions of up to 4bps on selected five-year fixed rate remortgage and 5 fixed rate remortgage high value deals
- Intermediary Exclusives
- Purchase: Rate increases of up to 20bps on selected two-year fixed rate purchase deals
- Rate decreases of up to 7bps on selected five-year fixed rate purchase deals
- Remortgage: Rate reductions of up to 5bps on selected five-year fixed rate remortgage deals
- Rate increase of 6bps on 90% five-year fixed rate remortgage deal
Existing customer
- Core Range
- Product switches: Introduction of new two and five-year fixed rate products.
- Withdrawal of selected two and five-year fixed rate products
