Natwest will up select rate switcher deals by up to 0.1 per cent and extend its end dates for select deals.
The changes from Natwest come into force from tomorrow, and brokers will be able to produce mortgage illustrations and submit applications for existing deals by 10:30pm on 11 March.
Within its residential rate switcher products, select two-year fixed rate switcher products between 60 and 100 per cent loan to value (LTV) will rise by 0.1 per cent.
For example, its two-year fixed rate switch product at 90 per cent LTV with no fee will rise by 0.1 per cent to 6.19 per cent.
The lender’s deal at 90 per cent LTV with a £995 fee will also go up by 0.1 per cent to 5.84 per cent, and its product at 100 per cent LTV with no fee will increase to 6.44 per cent.
Natwest – which last week committed to making hundreds of its branches Safe Spaces for abuse victims – will also increase the rate for select five-year fixed rate switcher deals up to 90 per cent LTV.
The lender’s five-year fixed rate switcher at 75 per cent LTV with no fee will go up from 4.74 per cent to 4.84 per cent.
Natwest’s product at 90 per cent LTV with a £995 fee will rise 0.1 per cent to 5.34 per cent, and its fee-free version will go up by the same amount to 5.54 per cent.
The company has increased its two-year fixed rate switcher buy-to-let (BTL) product at 75 per cent LTV by 0.05 per cent to 5.09 per cent. It has a product fee of £995.
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.
