NatWest ups its standard variable rate

NatWest is the newest bank to react to the Bank of England’s base rate rise on 2 August, increasing the standard variable rate for its residential mortgages by 0.25 per cent to 4.24 per cent.

The bank reports that its Offset, The One Account and Current Account mortgage customers will also see 0.25 per cent added to their rates.

Alongside these raises, NatWest help to buy Isa savers will benefit from a rise from 2.00 per cent to 2.50 per cent – double the base rate rise.

The changes will take place from 01 September 2018.

NatWest joins an increasing roster of lenders who have taken such action, including Coventry Building SocietyNationwideSantander, and Sainsbury’s Bank.



Nationwide increases mortgage rates

Nationwide has responded to last week’s Bank of England interest rate decision by adjusting its savings and mortgage rates upwards. Savings rate changes will start on 31 August and will include the help to buy Isa rate being upped from 2 per cent to 2.50 per cent. Mortgage rate increases will take effect from 1 […]

Santander increases mortgage rates

Santander has become the latest lender to increase savings and mortgage rates after the Bank of England brought the base rate up to 0.75 per cent last week. This change follows similar moves by Nationwide and Sainsbury’s Bank. From 03 September, alongside all tracker mortgage products linked to the base rate receiving a bump upwards of […]


Coventry latest to pass on bank rate rise

Coventry Building Society has upped its savings and mortgage rates in response to the Bank of England’s decision to increase the base rate in early August. As well as increasing the rate on its savings products, all of the building society’s variable mortgage rates will rise by 0.25 per cent, too. The changes will occur […]

Retirement interest-only mortgages… five things you should know

Tom Gurrie offers some key insights into retirement interest-only mortgages. The rules have changedLast month the FCA redefined retirement interest-only mortgages – RIOs – as standard mortgages, not lifetime, to improve access to borrowing for older consumers, including interest-only borrowers facing shortfalls. Expect a boost in the number of these deals once lenders work through […]

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Considerations for overseas workers in Germany

With Germany’s strong economic growth leading the eurozone’s recovery, many UK businesses are keen to be part of the success story: recent data shows that there are currently more than 280,000* employees working for a UK-controlled company in the country.


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