NatWest will increase rates by up to 1.04% tomorrow as part of a wider refresh of its core and semi-exclusive residential and buy-to-let products.
The lender’s 5-year Help to Buy shared equity remortgage to 75% LTV will jump from 3.59% to 4.63% with no product fee and £500 cashback.
Its core residential range 2-year and 5-year deals will see increases of up to 0.50%, while the same can be said for 2 and 5-year buy-to-let remortgages.
Mark Bullard, head of sales, said: “We have taken this time to reposition our portfolio to reflect the current market conditions and balance our mix of business.”
Following increases of 0.50% 75% LTV a 2-year fixed remortgage will cost 2.09%, while a 70% LTV 5-year fixed remortgage will be priced at 2.44%, both with a £995 product fee.
The lender will also make smaller rate increases across its semi-exclusive range, while 85% and 90% 2-year deals for purchase will be cut by up to 0.07%.