The changes to NatWest’s new business rates will come into force from 22 August.
Within its new business core residential range, select rates will change by up to 0.16%. This includes its five-year fixed remortgage rate at 60% LTV with no fee, which will fall from 4.31% to 4.15%. Its five-year fixed purchase rate at 90% loan to value (LTV) with a £995 fee will increase from 4.68% to 4.83%.
In its new business first-time buyer range, pricing will go up by around 0.15%. For instance, a five-year fixed purchase rate at 90% LTV will rise from 4.68% to 4.83%. The deal has a £995 fee and £250 cashback.
On the new business Help to Buy side, rates will fall by around 0.16%. Its five-year fixed rate remortgage deal at 60% LTV with no fee and £500 cashback will fall from 4.46% to 4.3%.
Green mortgage deals will go down by around 0.1%, including its five-year fixed rate remortgage at 60% LTV with a £995 fee and £250 cashback, which will go down from 4.1% to 4%.
The changes come off the back of NatWest making changes to its existing customer range on 20 August.
HSBC lowers rates with sub-4% deals available
HSBC has lowered select rates, including residential, first-time buyer, homemover, remortgage, buy to let (BTL) and international residential and BTL deals.
Residential existing customer switching and existing customer borrowing more from 60% to 95% LTV will reduce, and prices start from 3.84%.
For first-time buyer products, including energy-efficient deals, two-, three- and five-year deals from 60% to 95% LTV will decrease and begin from 4.14%.
Residential homemover deals, including two-, three- and five-year deals with no fee and standard products, from 60% to 90% begin from 4.14%. Similar changes have been made to equivalent energy-efficient deals.
Two-, three- and five-year residential remortgage deals with no fees and standard fees from 60% to 90% LTV will fall, and pricing starts from 4.14%.
For residential remortgage energy-efficient two- and five-year products from 60% to 90% LTV, rates start from 4.14%.
Residential remortgage cashback two- and five-year deals from 60% to 90% LTV will go down, and rates start from 4.29%.
For BTL existing customer switching and BTL existing customer borrowing more, two- and five-year fixed rate fee-free and standard deals from 60% to 75% LTV will reduce. Pricing starts from 4.49% in both ranges.
BTL purchase and remortgage two- and five-year deals with no fee, a £1,999 fee and a £3,999 fee from 60% to 75% LTV will fall. Purchase rates begin from 3.99%, while remortgage deals start from 3.94%.
Within its international residential range, two-, three- and five-year fixed standard and fee-saver deals between 60% and 75% LTV will decrease. Rates start from 4.64%.
On the international BTL side, two- and five-year fixed fee-saver and standard deals from 60% and 75% LTV will go down. Pricing begins from 4.94%.
HSBC lowered residential and BTL rates last week, with sub-4% deals available.
