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Natwest cuts rates by up to 0.19 per cent

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  • 30/01/2020
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Natwest cuts rates by up to 0.19 per cent
NatWest will introduce rate reductions on selected core and semi-exclusive residential products, effective from 31 January.

 

The lender has reduced rates by up to 19 base points for new and existing customers. 

For new customers, this includes its broker exclusive five-year fixed purchase product at 95 per cent loan to value (LTV), which has decreased 0.19 per cent from 3.18 per cent to 2.99 per cent. It has no product fee and £250 cashback. 

As for its core residential range, the five-year fixed 80 per cent LTV deal has gone down to 1.79 per cent from 1.85 per cent. This product has a £995 fee and comes with £250 cashback. 

For existing customers, across its residential core range the five-year fixed rate switcher up to 80 per cent LTV is decreasing by two base points from 1.90 per cent to 1.88 per cent. This has a product fee of £995. 

The end dates of the products have also been adjusted, with two-year terms moving from 31 March 2022 to 30 June 2022 and five-year terms ending 30 June 2025 instead of 31 March 2025. 

Mark Bullard, head of sales at Natwest, said: “These changes once again underline our commitment to the intermediary market. I’m pleased that we have been able to make rate reductions across our product range on a variety of LTV bandings.” 

 

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