NatWest is making a number of changes to its product range for new business customers
These changes include rate reductions of up to 12bps across a variety of LTV bandings and support different customer types, from purchase and remortgage customers, to those looking at green mortgages.
Changes to the core range are as follows:
Rate changes:
- Purchase: Rate reduction of 2bps on 90% LTV 2 year deal and up to 6bps on selected 5 year deals respectively
- Remortgages: Rate reduction of up to 5bps on selected 5 year deals
- Remortgages – High Value: Rate reduction of 4bps on selected 2 year deals
- First time buyer: Rate reduction of 7bps on 90% LTV deal
- Green mortgage – Purchase: Rate reduction of up to 12bps and up to 6bps on selected 2 and 5 year deals respectively
Rate changes and fee changes:
- Purchase (2 year): Rate increase of 7bps on 70% LTV deal, with product fee decreasing from £1,495 to £995
Rate changes and cashback changes:
- Purchase (2 year): Rate reductions of up to 10bps on selected deals. Cashback decreasing to £0 on 60% and 75% LTV deals, and increasing to £200 on 85% LTV deal
- Purchase (5 year): Rate reduction of 4bps on 60% LTV deal, with cashback decreasing from £250 to £0
Fee changes:
- Purchase (5 year): Product fee decreasing from £1,495 to £995 on 70% LTV deal
Cashback changes:
- Purchase (2 year): Cashback increasing from £0 to £200 on 80% LTV deal.