NatWest will make changes on selected core and semi-exclusive residential products, including rate increases of up to 0.20% and decreases of up to 0.07% from Thursday 16 May.
For remortgages rates will be cut by up to 0.05% on selected 5-year fixes and rates will increase by up to 0.06% on 90% LTV 5-year fixes.
For new business in the lender’s core range for purchases there will be rate reductions of 0.02% on 70% loan-to-value, a 0.05% increase on 90% LTV 2-year fixed rate, and rate reductions of up to 0.04% on selected 5-year fixes.
Mark Bullard, head of sales at NatWest, said: “We have taken this opportunity to review our proposition to ensure it is in line with current market conditions.
“We are happy to be introducing some rate reductions across our core and exclusive product ranges and believe that this further emphasises our commitment to the broker market.”
Remortgages rates will rise by 0.04% on 90% 2-year fixes and there will be rate reductions of up to 0.04% on selected 5-year fixed rate remortgages and 5-year fixed rate remortgage high value deals.
For existing customers 2 and 5-year fixes will be introduced for product transfers and selected 2 and 5-year fixed rates will be withdrawn.