Natwest has increased the rates on a number of its mortgages for new and existing residential and buy-to-let customers.
Products for residential purchase and remortgage between 60 per cent loan to value (LTV) and 90 per cent LTV have gone up by as much as 10 basis points.
This includes the two-year fixed rate purchase product at 60 per cent LTV, which has risen from 1.63 per cent to 1.73 per cent. This mortgage has no fee and offers £250 cashback.
A five-year fixed rate purchase product with a £995 fee at 60 per cent LTV has increased by 0.10 per cent to 1.59 per cent. This product also offers £250 cashback.
For first-time buyers, the two-year fixed rate at 85 per cent LTV has gone up by 0.05 per cent to 1.63 per cent. This mortgage has a product fee of £995 and offers £750 cashback.
Natwest’s buy-to-let mortgages have also seen rate increases of up to 0.10 per cent, as have its green purchase and remortgage deals.
Product switches have risen by up to 0.17 per cent, including the product at 60 per cent LTV which has increased from 1.17 per cent to 1.34 per cent.
Changes apply from today.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
