NatWest is making rate changes across its Existing Customer range for both residential and buy-to-let products on 11 September.
On residential products it has made rate cuts of up to 50bps and 55bps across two and five-year deals.
With buy-to-let, NatWest has made rate decreases of up to 35bps and 50bps across its two and five-year deals.
The summary of the rate changes are as follows:
Existing Customer (Core Range):
- 2 year fixed rate Switchers: Rate decreases of up to 50bps on selected products and increases of 5pbs and 18bps on 70% and 90% deals respectively
- 5 year fixed rate Switchers: Rate decreases of up to 55bps on selected products and increases of 5pbs and 3bps on 80% and 90% deals respectively
- Buy-to-let – 2 year fixed rate Switchers: Rate decreases of up to 35bps on selected products
- Buy-to-let – 5 year fixed rate Switchers: Rate decreases of up to 50bps on selected products
Mark Bullard, head of sales, said: “These changes have further enhanced our strong product transfer process and I’m delighted that we have been able to make sizeable rate reductions across both 2 and 5 year deals and a variety of LTV bandings.”