NatWest has announced updates to its new and existing customer product ranges, with effect from today.

The changes include increases of up to 12 basis points to NatWest’s residential two-year and five-year fixes.

The lender’s two-year fixed 90% loan-to-value (LTV) has risen from 3.08% to 3.20%, with no product fee, and cashback has increased from £750 to £1,000.

Meanwhile, the five-year 90% LTV has changed from 3.17% to 3.22%, with no product fee, and a rise in cashback from £750 to £1,000.

Shared equity products have also been changed with rates starting at 2.70% for two-year fixes and 2.74% for five-year fixes.

NatWest has also added help to buy two- and five-year fixed which start at 2.70% and 2.74% respectively. 

In addition, the lender has upped its mortgage guarantee rates by up to 12 basis points and launched several buy-to-let products, starting at 2.69% for two-year fixes.

The lender noted that there are no changes to end date. 

NatWest isn’t the only lender increasing its rates, earlier today Halifax published new rate rises due to come into effect on 3 May. 

In some cases, the increased rates are more than double what they were a year ago. A two-year fixed-rate remortgage at 60% loan-to-value, with a £1499 fee, will be 2.62% from Tuesday. The rate for the same product was 1.26% in July 2021.