For residential products NatWest has made rate decreases of up to 50bps and 55bps.
NatWest has made rate changes across its existing customer range for both residential and buy-to-let (BTL) products, effective from 11 September.
For residential products NatWest has made rate decreases of up to 50bps and 55bps across its 2-year and 5-year deals.
In regards to their buy-to-let products, they have made rate decreases of up to 35bps and 50bps across their 2-year and 5-year deals.
The summary of the rate changes are as follows:
For 2-year fixed rate switchers: rate decreases of up to 50bps on selected products and increases of 5pbs and 18bps on 70% and 90% deals respectively.
For 5-year fixed rate switchers: rate decreases of up to 55bps on selected products and increases of 5pbs and 3bps on 80% and 90% deals respectively.
For BTL 2-year fixed rate switchers: rate decreases of up to 35bps on selected products.
For BTL 5-year fixed rate switchers: rate decreases of up to 50bps on selected products.
Mark Bullard, head of sales, said: “These changes have further enhanced our strong product transfer process and I’m delighted that we have been able to make sizeable rate reductions across both 2 and 5-year deals and a variety of [loan-to-value (LTV) bandings.”
