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.”
