Finance

NatWest cuts rates across its mortgage products

NatWest

For new business, purchase rates have dropped by up to 23 basis points on selected two-year deals and 12 basis points on selected five-year mortgages

NatWest has announced rate cuts across a range of its new business and existing customer mortgage products.

For new business, purchase rates have dropped by up to 23 basis points on selected two-year deals and 12 basis points on selected five-year mortgages. Remortgage rates have declined by up to 13 basis points on selected two-year options and 8 basis points on selected five-year deals.

The bank has reduced high-value purchase rates by up to 10 basis points on selected two-year products and 6 basis points on selected five-year options. High-value remortgage rates have seen cuts of up to 13 basis points on selected two-year deals and 8 basis points on selected five-year products.

FTB rates have declined by up to 5 basis points and 6 basis points on selected two- and five-year mortgages, respectively. Shared equity purchase rates are down by up to 8 basis points and 12 basis points on selected two- and five-year products. Help to Buy shared equity remortgage rates have declined by up to 6 basis points on selected two- and five-year products.

NatWest, one of the UK’s biggest mortgage lenders, has also lowered BTL purchase rates by up to 3 basis points on selected two-year deals and 7 basis points on selected five-year mortgages. BTL remortgage rates have declined by up to 18 basis points on selected two-year products and 14 basis points on selected five-year options.

Green purchase rates are down by up to 6 basis points on selected two- and five-year deals, while green remortgage rates have dropped by up to 6 basis points on selected two-year options and 8 basis points on selected five-year products.

The high street lender has also lowered BTL green purchase rates by up to 3 basis points on selected two-year deals and 7 basis points on selected five-year products. BTL green remortgage rates have seen reductions of up to 18 basis points and 14 basis points on selected two- and five-year products.

For current customers, the switcher rates have been lowered by up to 8 basis points on selected two-year deals and 7 basis points on selected five-year options.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of Invest for Property. The information provided on Invest for Property is intended for informational purposes only. Invest for Property is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.

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