NatWest cuts rates by up to 31 basis points | Mortgage Strategy

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NatWest is cutting rates on a wide range of deals by up to 31 basis points tomorrow.

The lender is making reductions to scores of products for first-time buyers, home movers and borrowers looking to remortgage.

The following two-year fixed rate shared equity products are among those with the most substantial rate cuts:

  • Two-year fixed rate at 60% LTV, decreasing by 31bps from 2.05% to 1.74%, product fee £0
  • Two-year fixed rate at 70% LTV, decreasing by 21bps from 2.20% to 1.99%, product fee £0
  • Two-year fixed rate at 75% LTV, decreasing by 21bps from 2.20% to 1.99%, product fee £0
  • Two-year fixed rate at 60% LTV, decreasing by 14bps from 1.43% to 1.29%, product fee £995, cashback increasing from £0 to £250
  • Two-year fixed rate at 70% LTV, decreasing by 30bps from 1.78% to 1.48%, product fee £995, cashback increasing from £250 to £500
  • Two-year fixed rate at 75% LTV, decreasing by 30bps from 1.78% to 1.48%, product fee £995, cashback increasing from £250 to £500

The following five-year fixed rate shared equity rates are also being cut

  • Five-year fixed rate at 60% LTV, decreasing by 21bps from 1.73% to 1.52%, product fee £995, cashback increasing from £0 to £250
  • Five-year fixed rate at 70% LTV, decreasing by 15bps from 1.93% to 1.78%, product fee £995, cashback increasing from £0 to £500
  • Five-year fixed rate 75% LTV, decreasing by 15bps from 1.93% to 1.78%, product fee £995, cashback increasing from £0 to £500

NatWest is also cutting the following Help to Buy shared equity rates:

  • Two-year fixed rate at 60% LTV, decreasing by 31bps from 2.05% to 1.74%, product fee £0
  • Two-year fixed rate at 70% LTV, decreasing by 21bps from 2.20% to 1.99%, product fee £0
  • Two-year fixed rate at 75% LTV, decreasing by 21bps from 2.20% to 1.99%, product fee £0
  • Two-year fixed rate at 60% LTV, decreasing by 14bps from 1.43% to 1.29%, product fee £995, cashback increasing from £0 to £250
  • Two-year fixed rate 70% LTV, decreasing by 30bps from 1.78% to 1.48%, product fee £995, cashback increasing from £250 to £500
  • Two-year fixed rate at 75% LTV, decreasing by 30bps from 1.78% to 1.48%, product fee £995, cashback increasing from £250 to £500
  • Five-year fixed rate at 60% LTV, decreasing by 21bps from 1.73% to 1.52%, product fee £995, cashback increasing from £0 to £250
  • Five-year fixed rate at 70% LTV, decreasing by 15bps from 1.93% to 1.78%, product fee £995, cashback increasing from £0 to £500
  • Five-year fixed rate at 75% LTV, decreasing by 15bps from 1.93% to 1.78%, product fee £995, cashback increasing from £0 to £500

The lender is making smaller reductions to a large number of core residential and first-time buyer deals as well as to several buy-to-let rates.

It is launching several new tracker products as well as further green mortgage options.


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