NatWest is cutting rates by up to 23 basis points tomorrow on a wide range of deals for new customers.
Borrowers who are using the Mortgage Guarantee Scheme, first-time buyers and remortgage customers are among those to benefit from the reductions.
The following two-year fixed rates for purchase are being cut:
- 90% LTV, decreasing by 23 bps from 2.06% to 1.83%, product fee £995
- 90% LTV, decreasing by 11 bps from 2.19% to 2.08%, product fee £0
The following two-year fixed remortgage rates are reducing:
- 85% LTV, decreasing by 16 bps from 2.29% to 2.13%, product fee £0, cashback £250
- 90% LTV, decreasing by 10 bps from 2.50% to 2.40%, product fee £0, cashback £250
NatWest is cutting the below five-year fixed rates for purchase:
- 85% LTV, decreasing by 12 bps from 2.15% to 2.03%, product fee £995
- 85% LTV, decreasing by 5 bps from 2.28% to 2.23%, product fee £0
- 90% LTV, decreasing by 6 bps from 2.59% to 2.53%, product fee £995
The following deals are seeing changes to the rate, fee or cashback incentive:
- Two-year tracker rate remortgage at 75% LTV, decreasing by 18 bps from 1.00% to 0.82%, product fee increasing from £995 to £1,495, cashback £250
- Two-year fixed rate remortgage at 85% LTV, decreasing by 19 bps from 1.80% to 1.61%, product fee £995, cashback decreasing from £250 to £0
- Two-year fixed rate remortgage at 90% LTV, decreasing by 5 bps from 2.13% to 2.08%, product fee £995, cashback increasing from £0 to £250
- Five-year fixed rate for purchase at 90% LTV, decreasing by 11 bps from 2.84% to 2.73%, product fee £0, cashback increasing from £0 to £150
- Two-year fixed rate for purchase at 60% LTV, 0.93%, product fee £995, cashback decreasing from £250 to £150
- Two-year fixed rate for purchase at 80% LTV, 1.83%, product fee £0, cashback increasing from £0 to £150
- Two-year fixed rate for remortgage at 60% LTV, 1.09%, product fee £0, cashback decreasing from £200 to £100
- Two-year fixed rate for remortgage at 60% LTV, 0.88%, product fee £995, cashback decreasing from £250 to £150
- Five-year fixed rate for purchase at 60% LTV, 0.98%, product fee £995, cashback decreasing from £250 to £0
- Five-year fixed rate for remortgage at 60% LTV, 1.19%, product fee £0, cashback decreasing from £250 to £150
The following first-time buyer rates are being cut:
- Two-year fixed rate for purchase at 85% LTV, decreasing by 5 bps from 1.62% to 1.57%, product fee £995, cashback £350
- Two-year fixed rate for purchase at 90% LTV, decreasing by 23 bps from 2.05% to 1.82%, product fee £995, cashback £350
- Five-year fixed rate for purchase at 85% LTV, decreasing by 14 bps from 2.16% to 2.02%, product fee £995, cashback £350
- Five-year fixed rate for purchase at 90% LTV, decreasing by 6bps from 2.58% to 2.52%, product fee £995, cashback £350
NatWest is also cutting rates on the below deals through the Mortgage Guarantee Scheme:
- Two-year fixed rate for purchase at 95% LTV, decreasing by 15 bps from 3.15% to 3.00%, product fee £0, cashback £500
- Five-year fixed rate for purchase at 95% LTV, decreasing by 20 bps from 3.45% to 3.25%, product fee £0, cashback £500
The lender is reducing a number of rates in its residential green mortgage range as well as adding new products:
- Two-year fixed rate for remortgage at 85% LTV, decreasing by 19 bps from 1.79% to 1.60%, product fee £995, cashback £250
- Five-year fixed rate for purchase at 85% LTV, decreasing by 13 bps from 2.14% to 2.01%, product fee £995, cashback £350
- New two-year fixed rate for purchase at 85% LTV, 1.56%, product fee £995, cashback £250
The lender is also adding two new buy-to-let deals to its range:
- Two-year fixed rate for remortgage at 75% LTV, 1.29%, product fee £1,495
- Five-year fixed rate for purchase at 75% LTV, 1.69%, product fee £1,495