NatWest is introducing tomorrow (12 December) rate changes on selected core and semi-exclusive residential and buy-to-let products.
Mark Bullard (pictured), its head of sales, said: “We have taken this time to reposition our portfolio to reflect the current market conditions and balance our mix of business.”
Changes are as follows:
Semi-Exclusive Range:
Purchase
- New 2 year rate 95% product with free valuation
- Rate increases of 1bps on 70% and 75% 2 year rate deals
- Rate decreases of up to 7bps on 85% and 90% 2 year rate deals
- Rate increases of up to 8bps on selected 5 year rate deals
Remortgage
- New 2 year rate products, from 60% to 90% LTV
- Rate increases of up to 3bps on selected 2 year rate deals
- Rate increases of up to 14bps on selected 5 year rate deals
First time Buyer
- Rate increases of up to 7bps on selected 5 year rate deals
Buy to Let:
Purchase
- Rate increases of up to 11bps on selected 2 year rate deals
- Rate increases of up to 3bps on selected 5 year rate deals
Remortgage
- Rate increases of up to 4bps on selected 2 year rate deals
- Rate increases of up to 4bps on selected 5 year rate deals
Core Range:
Purchase
- Rate increases of 1bps on 60% and 9bps on 95% 2 year rate deals
- Rate increases of 2bps on 80% 5 year rate deal
Remortgage
- Rate increases of up to 50bps on selected 2 year rate deals
- Rate increases of up to 50bps on selected 5 year rate deals
- Rate increases of up to 36bps on selected 2 year rate high value deals
- Rate increases of up to 44bps on selected 5 year rate high value deals
First time Buyer
- Rate increase of 4ps on 90% 5 year rate deal
Buy to Let:
Remortgage
- Rate increases of up to 50bps on selected 2 year rate deals
- Rate increases of up to 50bps on selected 5 year rate deals
- Rate increase of up to 30bps and fee increase on selected 60% 70 and 75% deals