NatWest for Intermediaries has released a product update. For their latest products visit the product page on their website or the news section of their intermediary website. A summary of the changes is below. Contact us for more information.
Effective from the 4th September, we will be making rate changes across our Core Product range.
For Remortgage applications we are changing the loan amount threshold for our High Value products, which means that more of our customers will be eligible for more competitive rates:
- The minimum loan amount for High Value products will be reducing to £350,000 from the current £500,000.
The summary of the rate changes are as follows:
New Business
- Core Range
- Purchase: Rate increases of up to 30bps on selected 2 year deals and up to 20bps on selected 5 year deals
- Remortgage: Rate increases of up to 15bps on selected 2 year deals and 17bps on selected 5 year deals
- Remortgage: New 2 and 5 year remortgage deals from 60% to 75% LTV
- Remortgage – High Value: New 2 and 5 year remortgage deals from 60% to 75% LTV
- Core Range – Withdrawals
- Remortgage: Withdrawal of selected 2 and 5 year remortgage deals
- Remortgage – High Value: Withdrawal of selected 2 and 5 year remortgage deals
Existing Customer
No changes
You can download a PDF of the updated product ranges on our Website. For a full summary of the changes, including transitional arrangements, visit the Latest News section on our home page.