NatWest has made rate changes across its Core Product range.
For remortgage applications, the lender has changed the loan amount threshold for its high value products.
The minimum loan amount for high value products will be reducing to £350,000 from the current £500,000.
The high value products process remains unchanged.
A NatWest spokesperson said: “We have taken this opportunity to review our proposition to ensure it is in line with current market conditions.”
The summary of the rate changes are as follows:
New Business
Core Range:
- Purchase: Rate increases of up to 30bps on selected 2 year deals and up to 20bps on selected 5 year deals
- Remortgage: Rate increases of up to 15bps on selected 2 year deals and 17bps on selected 5 year deals
- Remortgage: New 2 and 5 year remortgage deals from 60% to 75% LTV
- Remortgage – high value: New 2 and 5 year remortgage deals from 60% to 75% LTV
Core Range – Withdrawals:
- Remortgage: Withdrawal of selected 2 and 5 year remortgage deals
- Remortgage – high value: Withdrawal of selected 2 and 5 year remortgage deals