The rate changes apply to the lender’s residential purchase and remortgage products which come with a £995 product fee.
Rate increases include a rise of 14bps on its 60% LTV two-year fixed rate deal, taking the rate from 1.45% to 1.59%. The rate increases on the selected deals range from 6bps to 14bps.
Natwest’s decision to up rates on some of its mortgages follows in the footsteps of Halifax, Nationwide and TSB which have all increased rates on selected products in recent weeks.
Paul Kane, acting head of sales, Natwest Intermediary Solutions said: “Despite these small increases, our deals still represent great value for brokers and their customers. We are committed to offering intermediaries a competitive product range so I am pleased to report that all our other rates remain unchanged.”
