NatWest and TSB to cut rates tomorrow Mortgage Strategy

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NatWest is cutting rates on a wide range of deals tomorrow by as much as 23 basis points, while TSB is to trim rates by up to 15 bps.

At NatWest, the following product categories are set for rate cuts:

  • Selected two and five-year deals for purchase will drop by up to 23 basis points.
  • For remortgage, two and five-year deals will drop by up to 18 bps
  • High value deals for purchase and remortgage will be cut by up to 18 bps
  • Selected first-time buyer two and five-year deals will be trimmed by up to 14 bps
  • Shared equity purchase rates will be cut by up to 23 bps and remortgage rates by up to 12 bps
  • Some buy-to-let five year fixes for remortgage will be reduced by up to 16 bps
  • Green purchase and remortgage deals will drop by up to 15 bps

TSB is trimming the following residential rates tomorrow, after announcing reductions to other rates earlier in the week:

  • First-time buyer and home mover two-year and five-year fixes to drop by up to 10 bps
  • Two-year fixed rates for remortgage to drop by up to 15 bps
  • Product transfer two-year fix at 90% LTV to drop by up to 10 bps
  • Additional borrowing two-year fix at 80% LTV to drop by up to 10 bps

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