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NatWest cuts new business rates by up to 0.23%

Anna Sagar
Written By:
Posted:
July 18, 2024
Updated:
July 18, 2024

NatWest has lowered select new business rates by up to 0.23%, including first-time buyer, shared equity and buy-to-let (BTL) deals.

NatWest’s new business residential rates, including purchase and remortgage, have gone down by up to 0.23%.

This includes its no-fee five-year fixed purchase rate at 60% loan to value (LTV), which has gone down by 0.23% to 4.28%.

In its first-time buyer range, new business rates have decreased by up to 0.14%. An example includes its two-year fixed rate at 85% LTV with a £995 fee and £250 cashback, which has fallen to 4.94%.

Within its shared equity range, new business rates have fallen by 0.23%. Its five-year fixed rate purchase deal at 60% LTV with no fee has decreased by 0.23% to 4.43%.

On the Help to Buy shared equity side, rates have decreased by up to 0.12%. The lender’s fee-free five-year fixed rate remortgage with £500 cashback has gone down by 0.12% to 4.6%.

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NatWest’s BTL five-year fixed remortgage rate at 60% LTV has fallen by 0.16% to 4.5%. The product comes with a £3,499 fee.

Green mortgages have decreased by up to 0.15%. An example includes its five-year fixed purchase rate at 60% LTV with a £995 fee, which has gone down by 0.15% to 4.14%.

The lender last lowered rates earlier this month, cutting new and existing customer rates by up to 0.23%.

NatWest recently brought out Airbnb-friendly mortgage terms so new and existing customers can homeshare.