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Natwest adds switcher products and ups select rates

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  • 11/07/2022
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Natwest adds switcher products and ups select rates
Natwest has increased new business rates and existing customer rates by as much as 0.36 per cent and added switcher products.

In its new business core range, purchase and remortgage rates have gone up by around 0.1 per cent. This includes a two-year fixed rate purchase product at 60 per cent loan to value (LTV) which is priced at 3.35 per cent.

Its five-year fixed rate at the same LTV now stands at 3.36 per cent. Both come with a £999 fee.

Natwest’s purchase products for first-time buyers have also gone up by around 0.1 per cent. This includes its two-year fixed rate at 85 per cent LTV is 3.49 per cent and its fee-free five-year fixed rate at the same LTV which is now priced at 3.85 per cent.

The two-year fixed rate comes with a £995 product fee and £1,000 cashback.

Shared equity products have increased by around 0.1 per cent. Its two-year fix at 60 per cent LTV is 3.75 per cent and its five-year fix at the same LTV tier is 3.56 per cent.

Rates on Help to Buy products have also risen, with its two-year fix with a £995 fee and £250 cashback at 60 per cent LTV standing at 3.55 per cent.

Mortgage guarantee products have also increased, with its two-year fixed rate standing at 3.97 per cent and five-year fixed rate coming to 3.98 per cent. Both are fee-free and have £750 cashback.

Buy-to-let purchase and remortgage products have also risen, with its two-year fixed rate priced at 3.11 per cent. It comes with a £1,495 product fee.

Green mortgages, both residential and buy-to-let iterations, have gone up by around 0.1 per cent. Its two-year fixed rate residential purchase product at 60 per cent LTV is 3.2 per cent with product fee of £995.

Its two-year fixed rate buy-to-let product at 65 per cent LTV is 3.27 per cent with a £995 product fee.

In its existing customer range, residential switcher and products have gone up by as much as 0.36 per cent.

This includes its fee-free two-year fixed switcher product at 60 per cent LTV which is 3.5 per cent. Its five-year fixed rate at the same LTV tier is 3.51 per cent.

High value switcher rates have gone up by nearly 0.32 per cent, including its two-year fix at 75 per cent LTV which is now 3.18 per cent. Its product fee has also increased from £995 to £1,495.

Natwest has added 10 switcher products to its range, with four high value products and six regular switcher products.

Examples include a two-year fix at 60 per cent LTV at 3.33 per cent with a £495 product fee as well as a two-year fixed high value product at 80 per cent LTV at 3.2 per cent. The latter comes with a £1,495 product fee.

Natwest has withdrawn four switcher products between 60 and 70 per cent LTV.

On the buy-to-let side, switcher rates have risen by nearly 0.4 per cent, including its fee-free two-year fix which is 3.54 per cent.

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