Rates are reduced by up to 23bps
NatWest has announced rate reductions across a range of its new business and existing customer mortgage products.
For new business, purchase rates have decreased by up to 23 basis points (bps) on selected two-year deals and 12bps on selected five-year mortgages. Remortgage rates have dropped by up to 13bps on selected two-year options and 8bps on selected five-year deals.
The bank has slashed high-value purchase rates by up to 10bps on selected two-year products and 6bps on selected five-year options. High-value remortgage rates have seen reductions of up to 13bps on selected two-year deals and 8bps on selected five-year products.
First-time buyer rates have decreased by up to 5bps and 6bps on selected two- and five-year mortgages, respectively. Shared equity purchase rates are down by up to 8bps and 12bps on selected two- and five-year products. Help to Buy shared equity remortgage rates have dropped by up to 6bps on selected two- and five-year products.
NatWest, one of the UK’s largest mortgage lenders, has also reduced buy-to-let purchase rates by up to 3bps on selected two-year deals and 7bps on selected five-year mortgages. Buy-to-let remortgage rates have decreased by up to 18bps on selected two-year products and 14bps on selected five-year options.
Green purchase rates are down by up to 6bps on selected two- and five-year deals, while green remortgage rates have decreased by up to 6bps on selected two-year options and 8bps on selected five-year products.
The high street lender has also dropped buy-to-let green purchase rates by up to 3bps on selected two-year deals and 7bps on selected five-year products. Buy-to-let green remortgage rates have seen reductions of up to 18bps and 14bps on selected two- and five-year products.
For existing customers, the switcher rates have been reduced by up to 8bps on selected two-year deals and 7bps on selected five-year options.
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