NatWest launches green BTLs and reprices rates across range | Mortgage Strategy

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NatWest is launching a green buy-to-let range on Wednesday as well as repricing scores of deals with some rates increasing by up to 16 basis points and others falling by up to 24bps.

The new green buy-to-let products will give preferential interest rates on properties with an energy performance certificate rating (EPC) rating of A or B.

NatWest will be offering purchase and remortgage deals at 65% and 75% LTV.

Alongside the new launches, NatWest is making swathes of rate changes.

The following categories of new business rates are among those being repriced:

  • Purchase rate increases of up to 14bps and 16bps on selected two and five-year deals respectively
  • Remortgage rate increases of up to 13bps and 16bps on selected two and five-year deals respectively
  • First-time buyer rate increases of up to 5bps and 8bps on selected two and five-year deals respectively
  • Shared equity purchase  rate increases of up to 14bps on selected two-year deals
  • Help to Buy shared equity purchase rate increases of up to 14bps on selected two-year deals
  • Buy-to-let purchase rate decreases of up to 24bps and 10bps on selected two and five-year deals respectively
  • Buy-to-let remortgage rate decreases of up to 10bps on selected two- year deals, and an increase of 7bps on 60% LTV two-year deal
  • Green purchase rate increases of up to 12bps and 16bps on selected two and five-year deals respectively
  • Green remortgage rate increases of up to 13bps and 15bps on selected two and five-year deals respectively
  • Mortgage Guarantee Scheme rate decrease of 16bps and 17bps on two and five-year 95% LTV products, with cashback increasing to £750

NatWest is also increasing switcher rates for existing customers by up to 10bps and 15bps on selected two and five-year deals respectively.


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