NatWest cuts rates by up to 34bps

Jake Carter

April 28, 2021

cut rates rate

NatWest is set to reduce rates by up to 34bps across a variety of its purchase, remortgage and Green Mortgage products.

The reductions will be effective from 29 April.

For new business, NatWest is cutting rates by up to 33bps and 34bps on selected 2 and 5-year purchase products respectively.

Remortgages will see cuts of up to 14bps and 26bps on selected 2 and 5-year deals, respectively.

First-time buyer products up to 80% LTV will be reduced by 4bps, and within the Green Mortgage range cuts of 1bps and up to 8bps on selected 2 and 5-year fixed will apply.

For cashback 5-year purchase products, rate reductions of up to 24bps on selected deals apply. Within this range for 90% LTV offerings, the lender has reduced rates by 1bps.

Cashback 5-year remortgage products up to 60% LTV will see a 1bps reduction on 29 April.

For existing customers, the lender is increasing rates for switchers by up to 25bps and 15bps on selected 2- and 5-year deals respectively.

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