NatWest withdraws selected products and increases rates

NatWest has announced product withdrawals across its residential range.

Related topics:  Mortgages
Rozi Jones | Editor, Financial Reporter
16th June 2023
NatWest

From today, NatWest has simplified its mortgage range with a wide range of product withdrawals and increased rates up to 90% LTV. NatWest confirmed that it will continue to offer purchase products at 95% LTV.

Withdrawals include two and five-year fixed rate purchase and remortgage products between 60% and 85% LTV.

Two and five-year first-time buyer products at 85% LTV have also been withdrawn, alongside shared equity products and and Help to Buy remortgage rates at 60% LTV.

Green mortgage withdrawals include two and five-year fixed rate purchase and remortgage products between 60% and 85% LTV.

In NatWest's core range, two-year fixed rate purchase and remortgage products at 75% LTV have increased by between 25-34bps and five-year products have increased by between 22 and 45bps, with the largest increase to a 75% LTV remortgage product, now starting from 5.49% with no fee.

Two and five-year fixed rate shared equity products have risen by up to 13bps and Help to Buy two and five-year fixed rate remortgage products at 75% LTV have increased by up to 30bps.

Earlier this week, NatWest increased buy-to-let rates by up to 157bps

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