NatWest increases residential and buy-to-let rates

From tomorrow, NatWest is increasing rates across its core and semi-exclusive ranges of residential and buy-to-let purchase mortgages and remortgages.

Related topics:  Mortgages
Rozi Jones
14th May 2018
NatWest
"Having reviewed our portfolio we have made some adjustments to rates to reflect the current market conditions and balance our mix of business."

Core range residential five-year fixed rates increasing between 4-13bps and semi-exclusive five-year fixes will rise by up to 16bps.

The lender is also introducing new semi-exclusive five-year residential products starting from 1.89% at 60% LTV with a £995 product fee and £250 cashback or 2.35% with no fee and £500 cashback.

Other semi-exclusive five-year rates are available at 1.94% up to 70% LTV, 1.94% at 75% LTV, 2.04% at 80% LTV and 2.49% at 90% LTV, all with a £995 product fee and £350 cashback.

For buy-to-let products, two-year fixed rates are increasing by up to 22bps and two-year remortgage rates will rise by up to 18bps.

However NatWest is cutting five-year fixed rates by between 7-24bps.

Mark Bullard, head of sales at NatWest, commented: “Having reviewed our portfolio we have made some adjustments to rates to reflect the current market conditions and balance our mix of business.”

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