Natwest has reduced the mortgage rates on select residential and buy-to-let (BTL) switcher products by up to 0.2 per cent to attract existing customers.
On the residential side, the lender has cut both switcher and high value switcher products with rate cuts ranging from 0.02 per cent to 0.2 per cent across its two and five-year fixed rates.
The largest decrease was applied to its two-year fixed rate switcher product at 90 per cent loan to value (LTV), which fell from 2.8 per cent to 2.6 per cent.
Other significant decreases have been applied to its two-year fixed rate switcher product at 80 per cent LTV, which has fallen from 1.64 per cent to 1.48 per cent and subject to a £995 fee.
Its similar product at 85 per cent LTV has gone from 2.49 per cent to 2.34 per cent.
High value two-year fixed rate switcher products have been cut by up to 0.09 per cent, including its two-year fixed rate at 90 per cent LTV which was cut from 1.48 per cent to 1.39 per cent.
In its switcher BTL range the lender has cut select two and five-year fixed rate products by up to 0.13 per cent.
Its two-year fixed rate at 60 per cent LTV has reduced from 1.58 per cent to 1.45 per cent, whilst its two-year fixed rates at 70 and 75 per cent LTV have fallen by 0.1 per cent to 1.74 per cent respectively.
All the BTL products that have been reduced and are offered with a £995 product fee.
The lender has also confirmed that the end dates for its two-year term have moved from 30 November 2023 to 29 February 2024. Its five-year term end dates have from 30 November 2026 to 28 February 2027.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
