Natwest to launch green BTL products and confirms rate changes

Natwest to launch green BTL products and confirms rate changes

 

The Green BTL Mortgage Product offers customers a preferential interest rate for having an energy performance certificate (EPC) rating of A or B.

Natwest are also launching its first ever 65 per cent LTV BTL remortgage product as well as a 75 per cent LTV product in both purchase and remortgage rates.

Validation of properties energy performance rating will be verified against the government EPC register only, with no exceptions, Natwest has said.

Rate increases

Natwest is also making rate changes across its product portfolio. Within its green BTL purchase and remortgage range there are four two and five year deals at 65 per cent and 75 per cent LTV.

For first time buyers, there are rate increases of up to 0.05 and 0.08 per cent on selected two and five year deals. There are also rate increases of up to 0.14 per cent on selected two year deals for shared equity purchases.

On help to buy shared equity purchase deals, there are rate increases of up to 0.14 per cent on selected two year deals.

Rate decreases

There are rate decreases of up to 0.24 per cent and 0.10 per cent on selected two and five year deals respectively for BTL purchases. Within BTL remortgages, there are rate cuts of up to 0.10 per cent on selected two year deals, and an increase of 0.07 per cent on 60 per cent LTV two year deals.

Green Mortgages

There are rate increases of up to 0.12 per cent and 0.16 per cent on selected two and five year green purchase deals and increases of up to 0.13 and 0.15 per cent on selected two and five year deals respectively.

Rate Changes and Cashback changes

On purchases, there are rate decreases of 0.05 per cent on 90 per cent LTV two year products, with cashback increasing to £250. Cashback also increases to £250 on 90 per cent LTV two year product with no fees.

There are also rate decreases of 0.03 per cent on 85 per cent LTV two year products, with cashback increasing to £250 within Natwest’s remortgage products.

With regards to the mortgage guarantee scheme, there are rate falls of 0.16 per cent and 0.17 per cent on two and five year 95 per cent LTV products, with cashback increasing to £750.

Existing customers

There are rate changes across the switcher rate for existing customers with increases of up to 0.10 and 0.15 per cent on selected two and five year deals respectively.