fbpx

NatWest makes rate reductions for new and existing customers

Jake Carter

July 15, 2021

NatWest

NatWest has made rate reductions across its product ranges for both new and existing customers.

The changes are within the lender’s remortgage range, as well as reductions to its first-time buyer and green mortgage products.

For new business and within its remortgage range, the lender has made rate reductions of up to 14bps and 11bps on selected 2 and 5-year deals, respectively, and for purchase products, of up to 21bps and 12bps on 2 and 5-year deals, respectively.

For first-time buyers, NatWest has made cut rates by up to 20bps and 8bps on 2 and 5-year deals respectively.

Within the lender’s Mortgage Guarantee Scheme, it has cut rates by 17bps on 2-year deals and 11bps on 5-year deals.

Rates on NatWest’s Green Mortgage have been cut by up to 21bps and 12bps on 2 and 5-year deals respectively.

The lender has also reduced remortgage rates by up to 13bps and 8bps on 2 and 5-year deals, with various cashback changes, including an increase to £250 on a 70% loan-to-value (LTV) 5-year deal.

It has also made reductions of up to 21bps and 8bps on 2 and 5-year purchase deals, with cashback decreasing from £250 to £0.

It has increased cashback to £250 on its 60% LTV 2-year deal.

For tracker remortgages, it has made reductions of 5bps on selected 2-year deals, with cashback increasing to £250.

For withdrawals, the lender has pulled a 60% LTV remortgage tracker deal, four high value remortgage offerings and a tracker purchase product.

Meanwhile, for existing customers, the lender has reduced rates by up to 10bps and 9bps on selected 2 and 5-year switcher deals respectively, and by 7bps and 9bps on selected 2 and 5-year high value switcher deals.


Sign up to our daily email