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Platform has temporarily withdrawn certain mainstream and buy-to-let products in its new business range.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The lender has also withdrawn its five-year fixed rate buy-to-let products with £1,999 fee, along with its fee-free five-year fixed rate versions.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.