NatWest relaunches tracker range, cuts rates by up to 44bps

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The high street bank says highlights among its new business products include 10 new two-year purchase tracker products covering a range of loan-to-value ratios.  

And 10 new two-year remortgage tracker products covering a range of LTVs.  

Notable new business rate changes include remortgage rate reductions of 44bps on 60% LTV five-year deals.  

And green remortgage rate cuts of 44bps on 60% LTV five-year offers.  

Among the lender’s new products for existing customers are 10 new two-year tracker switcher loans covering a range of LTVs.  

Highlights of rate changes for existing customers include switcher rate cuts of up to 25bps and 44bps on selected two- and five-year deals.  

And switcher – high-value rate reductions of up to 25bps and 44bps on selected two- and five-year offers.  

The business says brokers will be able to produce mortgage illustrations and submit applications online for existing deals until 10:30pm Wednesday 23 November.  

The move comes after chancellor Jeremy Hunt calmed international debt markets in October, by largely reversing former chancellor Kwasi Kwarteng’s tax-cutting mini-budget in September.