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Natwest and Santander increase rates – round-up

  • 10/05/2023
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Natwest and Santander increase rates – round-up
Natwest has increased mortgage rates for new and existing borrowers at 60 and 75 per cent loan to value (LTV) tiers by as much as 0.17 per cent.

This includes the two-year fixed purchase deal at 60 per cent LTV with no fee, which has risen from 4.74 per cent to 4.84 per cent. The corresponding option with a £995 has increased from 4.49 per cent to 4.56 per cent. 

The remortgage equivalents have risen by 0.17 per cent and 0.08 per cent respectively to 4.79 per cent and 4.54 per cent, and the same rate changes apply to the options which offer £250 cashback. 

Rates across the lender’s shared equity, Help to Buy, green mortgage and switcher products have also been impacted. 

Natwest’s switcher product rates now begin at 4.49 per cent for a two-year fixed 60 per cent LTV deal with a £995 fee, which is a 0.08 per cent increase. Meanwhile, the five-year fixed alternative starts from 4.09 per cent, which is a 0.04 per cent rise. 

These changes are effective from 11 May. 


Santander ups select resi rates by up to 0.22 per cent 

Santander has also put its fixed mortgage rates up, with select residential product pricing rising by between 0.03 per cent and 0.22 per cent for new borrowers. 

Residential product switches have also gone up by between 0.04 per cent and 0.21 per cent. 

Buy-to-let product rates remain unchanged. 

Changes will apply from 11 May. 

The two lenders are the latest to announce rate increases, following changes from TSB and Clydesdale Bank today.

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