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Natwest ups SVR and Platform withdraws products – round-up

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  • 18/07/2022
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Natwest has increased its Standard Variable Rate (SVR) for its new residential and buy-to-let mortgage deals to 4.74 per cent.

The SVR for new residential mortgage deals was previously 3.99 per cent, and for buy-to-let mortgage deals 4.24 per cent.

Customers who have applied for, or are on fixed rate deals, will move to the new SVR when their current product term ends.

The lender last changed its SVR in February, increasing its residential mortgage deal SVR to 3.99 per cent.

Natwest also changed its SVR in January, with residential deals standing at 3.74 per cent and buy-to-let mortgage deals’ SVR at 4.24 per cent.

 

Platform withdraws select new business products

Platform has temporarily withdrawn certain mainstream and buy-to-let products in its new business range.

The products had been taken off the market by the end of Friday 15 July.

On the new business mainstream side, its three-year fixed rate mortgage at 80 to 90 per cent loan to value (LTV) with £1,499 fee has been removed.

Its three-year fixed rate at 95 per cent LTV with £1,499 fee has been taken down, along with its three-year fixed rate at 95 per cent LTV with £999 fee.

The lender has also withdrawn its five-year fixed rate buy-to-let products with £1,999 fee, along with its fee-free five-year fixed rate versions.

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