News
Natwest cuts existing customer rates
Natwest has lowered select existing customer rates by up to 0.13% across fee and fee-free products.
The changes have been made to the lender’s five-year fixed rate switch products between 60% loan to value (LTV) and 90% LTV.
At 60% LTV with a £995 fee, the rate has fallen from 4.53% to 4.48%, and with a £495 fee, the price has decreased from 4.64% to 4.51%. Its fee-free version has gone down from 4.79% to 4.66%.
Within the 75% LTV tie, its fee-free option has been cut by 0.1% to 4.84%, while its £995 fee option has gone down from 4.74% to 4.66%.
Going up to 80% LTV, the £995 fee deal has gone from 5.14% to 5.13%, while its fee-free version has fallen from 5.34% to 5.31%.
At 85% LTV, the £995 fee version has decreased from 5.19% to 5.15%, and its no-fee version has decreased from 5.39% to 5.33%.
An intermediary’s guide to understanding client vulnerability
Sponsored by Halifax Intermediaries
Within 90% LTV, its £995 fee has been cut from 5.34% to 5.33%.
Earlier this month, Natwest upped new business rates.