Within its new business range, core residential purchase and remortgage products will be lowered by up to 0.55 per cent. This includes tracker and fixed rate products.
Its fee-free two-year fixed rate at 95 per cent loan to value (LTV) has decreased by 0.19 per cent to 6.78 per cent and fee-free two-year tracker purchase product at 75 LTV per cent have fallen by 0.55 per cent to 6.09 per cent.
The lender has also withdrawn select five-year fixed rate purchase and remortgage products. This includes five-year fixed rate purchase between 60 and 85 per cent LTV and remortgage products between 60 and 75 per cent LTV. The products come with £1,495 fee.
Natwest has cut first-time buyer purchase products by up to 0.15 per cent, including its no-fee two-year fixed rate at 85 per cent LTV falling from 6.52 per cent to 6.37 per cent. The product comes with £250 cashback.
Help to Buy products have decreased by around 0.5 per cent with rates starting from 6.49 per cent.
Natwest’s buy-to-let business
The lender has reduced buy-to-let products by up to 0.25 per cent. This includes its fee-free two-year fixed rate remortgage at 7 per cent LTV has gone from 6.84 per cent to 6.59 per cent and comes with £250 cashback.
Green mortgages, including buy-to-let versions have fallen by around 0.22 per cent. Its buy-to-let green two-year fixed rate at 75 per cent LTV has decreased from 6.54 per cent to 6.32 per cent.
Within its existing customer range, residential fixed rate and tracker products have fallen by around 0.46 per cent. An example is its fee-free two-year tracker rate switcher at 75 per cent LTV, falling by 0.46 per cent to 6.18 per cent.
