NatWest increases cost of fixed-rate deals

Natwest-Branch-Building-2013-700.jpgNatWest is increasing rates on selected fixed-rate deals across its core, semi-exclusive and buy-to-let mortgage ranges.

On its core range, there will be changes to its residential purchase deals. Two-year fixes will be increased by up to 15 basis points, depending on the relevant LTV.

There will be more modest increases to NatWest’s five-year fixed-rate purchase deals. These will  increase by 1 basis point at both 60 per cent and 95 per cent LTV.

In this range NatWest is also increasing the cost of its shared equity and Help to Buy mortgages.

In both cases the two year fixed-rate deals will increase by 15 basis points. On the five-year fix there will be an increase of just 1 basis point for purchases at 70 per cent and 75 per cent LTV.

On NatWest’s semi-exclusive range there will be increases to five-year fixes for both purchases and remortgaging. These will be increase by between one and six basis points, depending on the exact mortgage deal.

Rates on NatWest’s buy-to-let deals are also edging upwards, with the biggest increases on its five-year fixes for purchase. These will be increased by between six and 11 basis points.

In contrast, the five-year fix for remortgaging will see an increase of between two and three basis points.

NatWest Intermediary Solutions spokesman says: “We have made some adjustments to rates to reflect the current market conditions and balance our mix of business.”

Recommended

UK-Houses-Building-Homes-700x450.jpg

NatWest reboots residential and BTL ranges

NatWest is revamping its range of residential and buy-to-let mortgages. This reboot will see the bank introducing new products on both its core and semi-exclusive mortgage range. However, there will also be a number of products withdrawn, and some re-pricing of existing rates. On its core residential range NatWest has withdrawn the cashback offer from […]

House-For-Rent-Home-700.jpg

NatWest revamps buy-to-let rules

NatWest is to increase its cap on the total number of buy-to-let properties a landlord borrower can own from four to ten. The cap increase is one of a host of buy-to-let policy changes to be introduced on 14th March. The maximum allowed aggregate customer borrowing is also to be increase from £2m to £3.5m. […]

mortgage, calculator

NatWest reveals rates revamp

NatWest is to reduce rates across its core and semi-exclusive ranges of both residential and buy-to-let mortgages and remortgages. Rates on residential mortgages are being reduced by up to 35bps and on buy-to-let deals by up to 61bps. Shared equity and Help to Buy products are to have their rates reduced by up to 42bps, […]

Newsletter

News and expert analysis straight to your inbox

Sign up