New business
In its new business lines, the lender has brought out 10 two-year tracker purchase products and 10 two-year tracker remortgage products.
The loan to value (LTV) ranged between 60 and 90 per cent and include fee-free and £995 fee products.
Rates for two-year tracker rate purchase and remortgage products start from 2.45 per cent.
In its new business range, the lender has increased rate for residential purchase and remortgage products, first-time buyer, shared equity, mortgage guarantee, buy-to-let and green mortgage products by as much as 0.8 per cent.
This includes two-year fixed rate purchase product at 60 per cent LTV rising by 0.63 per cent to 4.07 per cent. It is subject to a £995 fee.
Its two-year fixed rate remortgage at the same LTV has increased from 3.43 per cent to 4.08 per cent. It is subject to a £995 fee.
Existing customers
In its existing customer range, Natwest has added two-year tracker rate switcher products between 60 and 90 per cent LTV. Rates start from 2.5 per cent.
Natwest has increase switcher products, both high value and buy-to-let iterations, by as much as 0.5 per cent.
The lender’s two-year fixed rate switcher products start from 3.59 per cent and five-year fixed rate switcher products start from 3.42 per cent.
Buy to Let
On the buy-to-let side, two-year fixed rate switcher starts from 3.7 per cent and five-year fixed rate switcher to 3.54 per cent.
The lender added that the two-year term end dates have moved from 31 December 2024 to 31 January 2025.
Five-year term end dates have been extended from 31 December 2027 to 31 January 2028.
Buy-to-let products have increased by around 0.75 per cent, with purchase products starting from 4.34 per cent and remortgage products beginning from 4.09 per cent.
First-time buyers
First-time buyer products have gone up by as much as 0.5 per cent. The two-year fixed rate purchase product at 85 per cent LTV has increased from 4.09 per cent to 4.64 per cent and comes with £1,000 cashback.
Shared equity products have risen by around 0.63 per cent, including its two-year fixed rate at 60 per cent LTV going up from 3.64 per cent to 4.27 per cent. It comes with product fee of £995 and £250 cashback.
Help to Buy product have gone up by as much as 0.79 per cent. Its two-year fixed rate remortgage at 60 per cent LTV with £995 fee now stands at 4.28 per cent. The product also comes with £500 cashback.
Mortgage guarantee product rates have risen by around 0.5 per cent and rates now start from 4.59 per cent.
Green mortgages
Green mortgage products now start from 3.97 per cent for purchase and 3.98 per cent for remortgage.
Buy-to-let green mortgages for purchase start from 3.99 per cent and remortgage begins from 3.99 per cent.
