NatWest Cuts Mortgage Rates

NatWest has cut its mortgage rates on selected core and semi-exclusive residential products, effective from 31 January 2020.

The mortgage lender has reduced mortgage rates by up to 19 base points for new and existing customers. 

Mark Bullard, head of sales at Natwest, said: “These changes once again underline our commitment to the intermediary market. I’m pleased that we have been able to make rate reductions across our product range on a variety of Loan to value bandings.” 

For new customers, this includes its broker exclusive 5 year fixed rate mortgage purchase product at 95% loan to value (LTV), which has reduced by 0.19% from 3.18% to 2.99%. It has no product fee and £250 cashback. 

As for its core residential range, the five-year fixed 80 per cent LTV deal has gone down to 1.79 per cent from 1.85 per cent. This product has a £995 fee and comes with £250 cashback. 

For existing customers, across its residential core range the five year fixed rate mortgage switch product up to 80% LTV is decreasing by two base points from 1.90 per cent to 1.88 per cent. A product fee of £995 applies. 

The end dates of the NatWest mortgage products have also been adjusted, with 2 year fixed year term mortgages moving from 31 March 2022 to 30 June 2022 and five year fixed term mortgage terms ending 30 June 2025 (formerly 31 March 2025). 

 

Written by Editorial Team ,
12th February 2020