NatWest is making changes to new business and existing customer product ranges from 18 August. 

For new business, NatWest has increased its core residential two-year fixed rate remortgage 90% loan-to-value (LTV) by 25 basis points from 3.54% to 3.79%. The product comes with a £995 fee. 

The five-year fixed rate remortgage product with 90% LTV has also gone up by 26 basis points from 3.59% to 3.85%. The product comes with a £995 fee. 

The lender is also introducing new products within its core range including a two-year fixed rate purchase. The 90% LTV with no product fee has a rate of 3.85% while the 90% LTV with a product fee of £995 has a rate of 3.59%. 

A five-year fixed rate purchase product has also been included in NatWest’s range. The 90% LTV with no product fee has a rate of 3.77% while the same product with no product fee has a rate of 3.90%. 

NatWest has also announced the withdrawal of its two- and five-year fixed rate purchase products ranging between 60% and 90% LTV. 

New first-time buyer (FTB) residential two- and five-year products have also been introduced. 

The 90% LTV two-year fixed rate purchase with a £995 fee and £1,000 cashback has a rate of 3.89% while the 90% five-year fixed rate purchase with no fee and £1,000 cashback has a rate of 4.24%. 

In the same range, NatWest has withdrawn multiple two- and five-year fixed rate purchase products. 

Meanwhile, rate changes have also been made to the lender’s mortgage guarantee for residential two- and five-year fixed rate purchases. 

The 95% LTV two-year fixed rate purchase is increasing by 10 basis points from 4.18% to 4.28% while the 95% LTV five-year fix is also increasing by 10 basis points to 4.29% from 4.19%. Both come with no product fee and £750 cashback. 

Rate increases of 10 basis points will also be included in the lender’s buy-to-let (BTL) range across its two- and five-year fixes as well as its five-year fixed rate remortgage.

For green mortgages, new customers will see rates increase by up to 19 basis points for a five-year fixed rate remortgage and 14 basis points for its two-year fixed rate remortgage. Rates will also go up for its BTL green mortgage range. 

Changes on 18 August will see the lender introduce and withdraw products from its green mortgage range. 

For existing customers, NatWest’s core residential range will see increases across multiple products, including its two-year fixed rate switcher where the 100% LTV will increase by 30 basis points to 3.99%, which comes with a fee of £995. 

The five-year fixed switcher 90% LTV will also see a rate rise of 25 basis points from 3.89% to 4.14%, which has no product fee. 

The BTL standard switcher range will also see amendments including rises of 10 basis points to its 90% LTV two-year fixed rate switcher, which will increase from 4.09% to 4.19%. 

NatWest says: “You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm Wednesday 17 August 2022.”