NatWest to cut rates by up to 34bps

Essex Home Finance
NatWest is changing mortgage rates on products for new and existing customers.
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NatWest is changing mortgage rates on products for new and existing customers.

These changes include rate reductions of up to 34bps across a wide variety of LTV bandings and support numerous customer types, from purchase and remortgage customers, to those looking at Green Mortgages.

The changes are as follows:

New Business:

Core Range – Rate changes:

  • Purchase: Rate reduction of up to 33bps and 34bps on selected 2 and 5 year deals.
  • Remortgages: Rate reduction of up to 14bps and 26bps on selected 2 and 5 year deals respectively.
  • Remortgages – High Value: Rate reduction of 2bps and 5bps on selected 2 and 5 year deals respectively.
  • First time buyer: Rate reduction of 4bps on 80% LTV deal.
  • Green Mortgage – Purchase: Rate reduction of 1bps and up to 8bps on selected 2 and 5 year deals respectively.

Core Range – Rate and cashback changes:

  • Purchase (2 year): Rate reduction of up to 4bps on selected deals, with cashback increasing from £0 to £250. Rate increase of 1bps on 75% LTV deal, with cashback increasing from £0 to £200.
  • Purchase (5 year): Rate reductions of up to 24bps on selected deals, with cashback increasing from £0 to £250. Rate increase of 1bps on 90% LTV deal, with cashback increasing from £0 to £250.
  • Remortgage (2 year): Rate reduction of 7bps on 90% LTV deal, with cashback increasing from £0 to £250.
  • Remortgage (5 year): Rate increase of 1bps on 60% LTV deal, with cashback increasing £0 to £250. Cashback also increasing from £0 to £250 to 80% LTV deal.

Existing Customers:

Core Range – Rate changes:

  • Switchers: Rate increase of up to 25bps and 15bps on selected 2 and 5 year deals.

Original Article from Best Advice 28/04/2021

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