NatWest has raised rates across a range of residential, buy-to-let and green mortgages by up to 15 basis points for new and existing customers.
Changes to its residential product, which came to market yesterday (16 February), include:
* A two-year purchase fix at 90% loan to value, increasing by 10bps to 1.80%, with a product £995 fee
* A two-year remortgage fix at 90% LTV, increasing by 10bps to 2.39%, with no product fees and £250 cashback
* A five-year purchase fix at 90% LTV, increasing by 10bps to 2.41%, with a £995 product fee
* A five-year remortgage fix at 90% LTV increasing by 10bps to 2.72%, with no product fee
FTB changes include:
* A two-year purchase fix at 90% LTV increasing by 10bps to 1.91%, with a £995 product fee and £750 cashback
* A five-year purchase fix at 90% LTV increasing by 10bps to 2.69%, with no product fee and £750 cashback
Shared equity changes include:
* A two-year purchase fix at 60% LTV, increasing by 15bps to 1.74%, with a £995 product fee and £250 cashback
* A five-year purchase fix at 60% LTV, increasing by 15bps to 1.89%, with a £995 product fee and £250 cashback
BTL changes include:
* A two-year purchase fix at 60% LTV, increasing by 15bps to 1.74%, with a £995 product fee
* A five-year remortgage fix at 60% LTV, increasing by 15bps to 1.98%, with no product fee
* A five-year purchase fix at 60% LTV, increasing by 15bps to 1.96%, with a £995 product fee
* A five-year remortgage fix at 60% LTV, increasing by 15bps to 2.15%, with no product fee
Green residential changes include:
* A two-year purchase fix at 60% LTV, increasing by 10bps to 1.62%, with a £995 product fee and £250 cashback
* A five-year remortgage fix at 85% LTV, increasing by 10bps to 2.05%, with a £995 product fee and £350 cashback
Green BTL changes include:
* A two-year purchase fix at 65% LTV, increasing by 15bps to 1.73%, with a £995 product fee
* A five-year remortgage fix at 65% LTV, increasing by 15bps to 1.91%, with a £995 product fee
Rate changes for existing residential customers include:
* A two-year fixed-rate switcher at 60% LTV, increasing by 10bps to 1.79%, with no product fee
* A five-year fixed-rate switcher at 60% LTV, increasing by 9bps to 1.90%, with no product fee
Rate changes for existing BTL customers include:
* A two-year fixed-rate switcher at 60% LTV, increasing by 10bps to 1.66%, with a £995 product fee
* And a five-year fixed-rate switcher at 75% LTV, increasing by 10bps to 2.34%, with no product fee
The lender says there are no changes to the end dates of affected mortgages.
It adds that brokers must have submitted mortgage illustrations and applications online for existing deals by up to 10:30pm Wednesday 16 February.
The bank says that paper applications must be signed by all applicants and the original received by NatWest Intermediary Solutions by close of business on Monday 21 February for rates to be honoured.
