NatWest reboots residential and BTL ranges

UK-Houses-Building-Homes-700x450.jpgNatWest 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 However, there will also be a number of products withdrawn, and some re-pricing of existing rates.

On its core residential range NatWest has withdrawn the cashback offer from its range of two year fixes.

On this range the bank is also increasing rates on its shared equity, first-time buyer and Help to Buy mortgage.

However, the bank is decreasing rates on its two- and five-year fix at 95 per cent LTV. These will fall by 17bsp and 14 bsp respectively. Rates have been raised on selected lower LTV bands.

NatWest is also increasing rates on its two-year buy-to-let mortgage for purchases. However, landlords looking for an equivalent five-year fix will see rates cut marginally.

NatWest has also re-introduced its semi-exclusive residential range, with a range of cashback offers on its five-year fixes. These are available for purchase only.

NatWest is also introducing a new five-year fix for those remortgaging, with a fee-free option.

NatWest head of sales Mark Bullard says that bank has reviewed its product portfolio in line with the prevailing market conditions.

Bullard says: “We’re now in a position to re-introduce our semi-exclusive range to our broker partners, with some competitive five-year products.”

These changes will be effective from March 14.



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. […]

House, plan

NatWest extends new build mortgage offers to 12 months

NatWest is extending the offer period for mortgages on new build properties to up to 12 months. This extension isn’t automatically granted, but has to be requested by intermediaries within the initial six-month period. It will be subject to a successful credit search and property valuation. This change – which comes into effect from 9 […]


TML revamps product range

  The Mortgage Lender has revamped some of its product range following market feedback. The lender will also no longer cascade based on credit score. This means brokers get certainty on the rates on offer upfront. TML is also increasing its maximum LTV for first-time buyers from 80 to 85 per cent. The lender is […]

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, […]


Almost nine in 10 employers admit failings with post-DRA compliance

The default retirement age (DRA) was abolished more than three years ago, yet new research from Jelf Employee Benefits suggests that the vast majority of employers still have some way to go to fully understand, comply and communicate the landmark legislation change that prevents older employees being forcibly retired on the grounds of age alone.


News and expert analysis straight to your inbox

Sign up