Mortgage News
Natwest and TSB ups variable rates – round-up
Following the increase in the base rate last week, Natwest will increase its base rate by 0.5 per cent to four per cent for mortgages.
Last week, the Bank of England’s Monetary Policy Committee (MPC) upped the base rate to four per cent, which is a 14-year high.
Natwest’s base rate of four per cent will be effective on new tracker mortgages from today.
The lender noted that tracker products added between 2 February and 5 February will be based on the current rate.
TSB increases homeowner and BTL variable rates
TSB said that it would be increasing its homeowner and buy-to-let variable rates from today following the Bank of England base rate increase.
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The homeowner variable rate now stands at 7.49 per cent and the buy-to-let variable rate is 8.34 per cent.