NatWest Cuts Mortgage Rates
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).