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NatWest pushes up mortgages rates

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  • 14/05/2018
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NatWest pushes up mortgages rates
NatWest is making a number of changes across both its residential and buy-to-let ranges, with the lender altering rates, as well as introducing new deals.

 

Rates are to be increased by up to 16 basis points on selected two and five-year fixed-rate mortgages from tomorrow within the lender’s core and semi-exclusive residential range.

At the same time, a number of five-year fixed-rates purchase and remortgage offerings within the semi-exclusive range are to be axed and replaced with deals that in many cases, are less competitive.

NatWest is also increasing buy-to-let rates by up to 22 basis points on two-year purchase and remortgage deals but trimming costs on five-year fixes and remortgages.

The lender is launching a five-year buy-to-let deal at 70% LTV with a rate of 2.55%.

Mark Bullard, NatWest head of sales, said: “Having reviewed our portfolio we have made some adjustments to rates to reflect the current market conditions and balance our mix of business.”

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