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NatWest cuts mortgage rates up to 70 basis points as Santander issues increases – round-up

  • 19/11/2019
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NatWest cuts mortgage rates up to 70 basis points as Santander issues increases – round-up
NatWest is cutting residential and buy-to-let rates by as much as 70 basis points while Santander is increasing residential mortgage rates by up to 15 basis points.


The changes to both lenders’ product portfolios go live today.



NatWest is changing more than 50 products as it overhauls its residential and buy-to-let (BTL) products.

The lender will be introducing rate reductions on residential products, including broker exclusives, of up to 70bps, with BTL rates trimmed by as much as 53 basis points.

NatWest head of sales Mark Bullard (pictured), said: “These changes once again underline our commitment to the intermediary market.

“I’m pleased that we have been able to make further rate reductions to our buy to let and purchase portfolios, across a wide variety of loan to value (LTV) bandings and two- and five-year deals.”

Changes to its broker exclusive range include rate reductions for purchase products of up to 70 basis points on selected two-year deals and up to 15 basis points on selected five-year deals.

For remortgage exclusives rate cuts of up to 47 basis points on selected two-year deals and up to five basis points on selected five-year deals apply.

In its BTL purchase range rate reductions of up to 18 and 23 basis points are available on two-year and five-year deals respectively.

And the remortgage core range has cuts of up to 53 and 26 basis points on two-year and five-year fixes respectively.



Santander has increased its mortgage interest rates on eight products – seven of which are two-year fixes and one is a five-year fix.

The changes have been made at a range of LTVs and also include one Help to Buy purchase product.

The two-year fix for purchases and remortgages at 60 per cent LTV with £999 product fee has seen its rate increased by 0.1 per cent to 1.31 per cent, with the £250 cashback removed from the purchase version.

The Help to Buy two-year fixed rate at 75 per cent LTV with a £999 product fee has been increased 0.05 per cent to 1.49 per cent.

Meanwhile, the only five-year fix to be affected is at 95 per cent LTV with no fee, which has been increased by 0.15 per cent to 3.49 per cent.



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