Following the increase in the base rate last week, Natwest will increase its base rate by 0.5 per cent to four per cent for mortgages.
Last week, the Bank of England’s Monetary Policy Committee (MPC) upped the base rate to four per cent, which is a 14-year high.
Natwest’s base rate of four per cent will be effective on new tracker mortgages from today.
The lender noted that tracker products added between 2 February and 5 February will be based on the current rate.
TSB increases homeowner and BTL variable rates
TSB said that it would be increasing its homeowner and buy-to-let variable rates from today following the Bank of England base rate increase.
The homeowner variable rate now stands at 7.49 per cent and the buy-to-let variable rate is 8.34 per cent.
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.
