NatWest is changing mortgage rates on products for new and existing customers.
These changes include rate reductions of up to 34bps across a wide variety of LTV bandings and support numerous customer types, from purchase and remortgage customers, to those looking at Green Mortgages.
The changes are as follows:
New Business:
Core Range – Rate changes:
- Purchase: Rate reduction of up to 33bps and 34bps on selected 2 and 5 year deals.
- Remortgages: Rate reduction of up to 14bps and 26bps on selected 2 and 5 year deals respectively.
- Remortgages – High Value: Rate reduction of 2bps and 5bps on selected 2 and 5 year deals respectively.
- First time buyer: Rate reduction of 4bps on 80% LTV deal.
- Green Mortgage – Purchase: Rate reduction of 1bps and up to 8bps on selected 2 and 5 year deals respectively.
Core Range – Rate and cashback changes:
- Purchase (2 year): Rate reduction of up to 4bps on selected deals, with cashback increasing from £0 to £250. Rate increase of 1bps on 75% LTV deal, with cashback increasing from £0 to £200.
- Purchase (5 year): Rate reductions of up to 24bps on selected deals, with cashback increasing from £0 to £250. Rate increase of 1bps on 90% LTV deal, with cashback increasing from £0 to £250.
- Remortgage (2 year): Rate reduction of 7bps on 90% LTV deal, with cashback increasing from £0 to £250.
- Remortgage (5 year): Rate increase of 1bps on 60% LTV deal, with cashback increasing £0 to £250. Cashback also increasing from £0 to £250 to 80% LTV deal.
Existing Customers:
Core Range – Rate changes:
- Switchers: Rate increase of up to 25bps and 15bps on selected 2 and 5 year deals.