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NatWest hikes BTL rates by 70 bps | Mortgage Strategy
Mortgage Strategy
Mortgage Advisor
4 years ago
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NatWest is raising rates across its buy-to-let range by 70 basis points tomorrow.

The lender has emailed brokers to warn them of the changes.

The 70 basis point increases will apply to both purchase and remortgage deals fixed for two and five years, including on customer deals and exclusives.

The following BTL two-year fixes for purchases are increasing:

  • 60 per cent LTV, increasing by 70bps from 1.35 per cent to 2.05 per cent, product fee £995
  • 60 per cent LTV, increasing by 70bps from 2.24 per cent to 2.94 per cent, product fee £0
  • 70 per cent LTV, increasing by 70bps from 1.87 per cent to 2.57 per cent, product fee £995
  • 70 per cent LTV, increasing by 70bps from 2.56 per cent to 3.26 per cent, product fee £0
  • 75 per cent LTV, increasing by 70bps from 1.87 per cent to 2.57 per cent, product fee £995
  • 75 per cent LTV, increasing by 70bps from 2.67 per cent to 3.37 per cent, product fee £0

The following BTL two-year fixes for remortgage are rising: 

  • 60 per cent LTV, increasing by 70bps from 2.77 per cent to 3.47 per cent, product fee £0
  • 60 per cent LTV, increasing by 70bps from 1.60 per cent to 2.30 per cent, product fee £995
  • 70 per cent LTV, increasing by 70bps from 1.85 per cent to 2.55 per cent, product fee £995
  • 70 per cent LTV, increasing by 70bps from 3.02 per cent to 3.72 per cent, product fee £0
  • 75 per cent LTV, increasing by 70bps from 1.98 per cent to 2.68 per cent, product fee £995
  • 75 per cent LTV, increasing by 70bps from 3.07 per cent to 3.77 per cent, product fee £0

The following BTL five-year fixes for purchase are going up:

  • 60 per cent LTV, increasing by 70bps from 2.67 per cent to 3.37 per cent, product fee £0
  • 60 per cent LTV, increasing by 70bps from 2.05 per cent to 2.75 per cent, product fee £995
  • 70 per cent LTV, increasing by 70bps from 2.88 per cent to 3.58 per cent, product fee £0
  • 70 per cent LTV, increasing by 70bps from 2.18 per cent to 2.88 per cent, product fee £995
  • 75 per cent LTV, increasing by 70bps from 2.18 per cent to 2.88 per cent, product fee £995
  • 75 per cent LTV, increasing by 70bps from 3.07 per cent to 3.77 per cent, product fee £0

The following BTL five-year fixes for remortgage are rising:

  • 60 per cent LTV, increasing by 70bps from 2.94 per cent to 3.64 per cent, product fee £0
  • 60 per cent LTV, increasing by 70bps from 2.05 per cent to 2.75 per cent, product fee £995
  • 70 per cent LTV, increasing by 70bps from 3.38 per cent to 4.08 per cent, product fee £0
  • 70 per cent LTV, increasing by 70bps from 2.31 per cent to 3.01 per cent, product fee £995
  • 75 per cent LTV, increasing by 70bps from 3.47 per cent to 4.17 per cent, product fee £0
  • 75 per cent LTV, increasing by 70bps from 2.32 per cent to 3.02 per cent, product fee £995

The lender is also increasing its exclusive buy-to-let deals by 70 basis points.


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