NatWest will cut rates on new and existing residential and buy-to-let fixed-rate products by up to 57 basis points tomorrow (8 November).
Highlights of the high street bank’s reductions include:
New business rate changes
- Two-year 60% loan-to-value remortgage deals, down by 57bps to 5.48%, with no product fee
- Five-year 75% LTV remortgage deals, down by 32bps to 4.94%, with a £995 product fee
- Two-year first-time buyer 85% LTV house purchase deals, down by 34bps to 5.54%, with a £995 product fee and cashback £250
- Five-year BTL 60% LTV remortgage deals, down by 40bps to 4.99%, with a £3,499 product fee
- BTL purchase — rate reduction of up to 35bps and 31bps on selected two- and five-year deals
- BTL remortgage — rate reduction of up to 34ps and 40bps on selected two- and five-year deals
- BTL green purchase — rate reduction of up to 24bps and 26bps on selected two- and five-year deals
- BTL green remortgage — rate reduction of up to 24bps and 38bps on selected two- and five-year deals
Existing customer rate changes
- Switcher rate reduction of up to 25bps and 13bps on selected two- and five-year deals
- BTL switcher rate reduction of up to 31bps and 33bps on selected two- and five-year deals
The lender will also launch a pair of 100% loan-to-value switcher two-year loans.
