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Natwest reduces resi and BTL rates by up to 0.79 per cent

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  • 15/01/2024
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Natwest reduces resi and BTL rates by up to 0.79 per cent
Natwest has lowered select residential and buy-to-let rates by up to 0.79 per cent, with some deals now under four per cent.

Within its residential range, purchase and remortgage rates have been cut with reductions of up to 0.69 per cent applied.

This includes its five-year fixed remortgage rates at 60 per cent loan to value (LTV) has fallen by 4.58 per cent to 3.89 per cent. It is subject to a £1,495 fee.

In its first-time buyer range, cuts of up to 0.4 per cent have been made to purchase and remortgage rates. An example includes its two-year fixed rate purchase rate at 90 per cent LTV which has gone from 5.34 per cent to 4.94 per cent. It has a £995 fee and £250 cashback.

The bank has cut its shared equity range by around 0.25 per cent, including its five-year fixed rate purchase deal at 60 per cent LTV which has been cut from 4.39 per cent to 4.14 per cent. It has a £995 fee and £250 cashback.

On the buy-to-let side, reductions of around 0.44 per cent have been made, impacting purchase and remortgage products.

An example includes its five-year fixed rate purchase product at 75 per cent LTV going from 4.94 per cent to 4.5 per cent. It has a £995 fee.

 

Green deals slashed

In its green mortgage range, purchase and remortgage deals have been reduced by around 0.69 per cent.

This includes its five-year fixed rate remortgage at 60 per cent LTV which has reduced from 4.58 per cent to 3.89 per cent. It has a £995 fee.

Buy-to-let green mortgages have been reduced by around 0.48 per cent. Its five-year fixed rate purchase product at 75 per cent LTV has gone down from 4.89 per cent to 4.45 per cent with a £995 fee.

In its existing customer range, residential cuts of up to 0.79 per cent have been made. Its five-year fixed rate switcher at 60 per cent LTV has gone from 4.73 per cent to 3.94 per cent offering a product fee of £995.

Within its buy-to-let standard switcher rate, rates have fallen by around 0.5 per cent. This includes its two-year fixed rate at 75 per cent LTV which has decreased from 5.54 per cent to 5.04 per cent with a product fee of £995.

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