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Natwest ups rates across new and existing products

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  • 10/11/2021
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Natwest ups rates across new and existing products
Natwest has made a raft of rate increases of up to 0.23 per cent across its new and existing product range, including select green mortgages, buy-to-let (BTL) and shared equity products.

 

The lender increased the rates for certain two and five-year fixed rate purchase and remortgage products between 60 and 75 per cent LTV.

The biggest change occurred at the 60 per cent LTV tier which increased by 0.2 per cent from 1.18 per cent to 1.38 per cent.

Its two-year fixed rate purchase product has increased form 1.31 per cent to 1.47 per cent, whilst its five-year fixed rate purchase has grown from 1.38 per cent to 1.56 per cent. Both now have cashback of £150.

In its shared equity range, it has upped rates on its two-year fixed rate purchase and certain Help to Buy products. Its two-year fixed rate purchase product at 60 per cent LTV has gone from 1.18 per cent up to 1.33 per cent with a product fee of £995 and £400 cashback.

The lender has decreased two and five-year fixed rates in its buy-to-let (BTL) range by up to 0.1 per cent. This includes two-year fixed rate at 70 per cent LTV falling from 1.68 per cent to 1.58 per cent, and a five-year fixed rate at the same LTV decreasing from 1.93 per cent to 1.83 per cent.

On the switcher side, there are increases of up to 0.23 per cent on selected two and five-year fixed rate deals, including high value rate switcher products.

Its two-year fixed rate switcher at 60 per cent LTV has gone from 0.95 per cent to 1.18 per cent, whilst its five-year fixed rate switcher at the same LTV has been upped from 1.14 per cent to 1.36 per cent. Both come with a £995 fee.

In its green mortgage range, the lender has increased rates by up to 0.2 per cent for select two-year and five-year fixed rate purchase and remortgage products.

This includes five-year fixed rate purchase product that has gone from 1.22 per cent to 1.34 per cent and five-year fixed rate remortgage which has risen from 1.17 per cent to 1.37 per cent. It has product fee and cashback £350.

Natwest is also withdrawing a BTL two-year fixed rate remortgage deal at 75 per cent LTV. It was priced at 1.29 per cent with a £1,495 product fee.

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