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.
