Brilliant Solutions

Natwest Update

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. 

NatWest to make rate reductions for new and existing customers

Effective from Tuesday 2 March 2021 we are delighted to announce that we will be making a range of rate decreases across our new and existing customer product ranges.

These changes are across a wide variety of LTV bandings and support numerous customer types, from those looking to purchase or remortgage or for customers looking at Green Mortgages.

Here’s a full list the changes with product codes in brackets:

New Business

 Core Range

Residential

Rate Changes

2 year fixed rate purchase

  • [FO25624] 60% LTV, decreasing by 7bps from 1.25% to 1.18%, product fee £995
  • [FO25625] 80% LTV, decreasing by 5bps from 2.03% to 1.98%, product fee £995
  • [FO25627] 85% LTV, decreasing by 10bps from 2.93% to 2.83%, product fee £0
  • [FO25626] 85% LTV, decreasing by 9bps from 2.63% to 2.54%, product fee £995
  • [FO25629] 90% LTV, decreasing by 5bps from 3.48% to 3.43%, product fee £0
  • [FO25628] 90% LTV, decreasing by 5bps from 3.24% to 3.19%, product fee £995

2 year fixed rate remortgage – high value

  • [FO25665] 60% LTV, decreasing by 3bps from 1.17% to 1.14%, product fee £995

2 year fixed rate remortgage

  • [FO25635] 60% LTV, decreasing by 3bps from 1.18% to 1.15%, product fee £995
  • [FO25637] 70% LTV, decreasing by 11bps from 1.89% to 1.78%, product fee £0
  • [FO25636] 70% LTV, decreasing by 1bps from 1.44% to 1.43%, product fee £995

2 year fixed rate remortgage – high value

  • [FO25666] 70% LTV, decreasing by 1bps from 1.43% to 1.42%, product fee £995

2 year fixed rate remortgage

  • [FO25638] 75% LTV, decreasing by 1bps from 1.44% to 1.43%, product fee £995
  • [FO25639] 75% LTV, decreasing by 11bps from 1.89% to 1.78%, product fee £0

2 year fixed rate remortgage – high value

  • [FO25667] 75% LTV, decreasing by 1bps from 1.43% to 1.42%, product fee £995

2 year fixed rate remortgage

  • [FO25641] 80% LTV, decreasing by 2bps from 2.00% to 1.98%, product fee £995
  • [FO25642] 85% LTV, decreasing by 10bps from 2.64% to 2.54%, product fee £995
  • [FO25643] 85% LTV, decreasing by 11bps from 2.94% to 2.83%, product fee £0
  • [FO25645] 90% LTV, decreasing by 15bps from 3.39% to 3.24%, product fee £995
  • [FO25647] 90% LTV, decreasing by 15bps from 3.59% to 3.44%, product fee £0

5 year fixed rate purchase

  • [FO25630] 60% LTV, decreasing by 5bps from 1.33% to 1.28%, product fee £995
  • [FO25631] 80% LTV, decreasing by 5bps from 2.23% to 2.18%, product fee £995
  • [FO25633] 85% LTV, decreasing by 8bps from 3.15% to 3.07%, product fee £0
  • [FO25632] 85% LTV, decreasing by 7bps from 2.90% to 2.83%, product fee £995
  • [FO25634] 90% LTV, decreasing by 3bps from 3.63% to 3.60%, product fee £0

5 year fixed rate remortgage – high value

  • [FO25668] 60% LTV, decreasing by 3bps from 1.31% to 1.28%, product fee £995

5 year fixed rate remortgage

  • [FO25649] 60% LTV, decreasing by 3bps from 1.32% to 1.29%, product fee £995
  • [FO25651] 70% LTV, decreasing by 2bps from 1.63% to 1.61%, product fee £995
  • [FO25653] 70% LTV, decreasing by 9bps from 1.98% to 1.89%, product fee £0

5 year fixed rate remortgage – high value

  • [FO25670] 70% LTV, decreasing by 2bps from 1.62% to 1.60%, product fee £995

5 year fixed rate remortgage

  • [FO25654] 75% LTV, decreasing by 2bps from 1.63% to 1.61%, product fee £995
  • [FO25655] 75% LTV, decreasing by 9bps from 1.98% to 1.89%, product fee £0

5 year fixed rate remortgage – high value

  • [FO25671] 75% LTV, decreasing by 2bps from 1.62% to 1.60%, product fee £995

5 year fixed rate remortgage

  • [FO25656] 90% LTV, decreasing by 10bps from 3.54% to 3.44%, product fee £995

 

Green Mortgages

Residential

Rate Changes

2 year fixed rate purchase

  • [FO25658] 60% LTV, decreasing by 4bps from 1.22% to 1.18%, product fee £995, cashback £250
  • [FO25660] 85% LTV, decreasing by 9bps from 2.63% to 2.54%, product fee £995, cashback £250

5 year fixed rate purchase

  • [FO25661] 60% LTV, decreasing by 5bps from 1.33% to 1.28%, product fee £995, cashback £250
  • [FO25662] 85% LTV, decreasing by 7bps from 2.90% to 2.83%, product fee £995, cashback £250
  •  

 Existing Customer

 Core Range

Residential

Rate Changes

2 year fixed rate switcher

  • [FO25675] 60% LTV, decreasing by 7bps from 1.61% to 1.54%, product fee £0
  • [FO25673] 60% LTV, decreasing by 3bps from 1.23% to 1.20%, product fee £995
  • [FO25676] 70% LTV, decreasing by 5bps from 1.49% to 1.44%, product fee £995
  • [FO25677] 70% LTV, decreasing by 20bps from 1.99% to 1.79%, product fee £0
  • [FO25679] 75% LTV, decreasing by 20bps from 1.99% to 1.79%, product fee £0
  • [FO25678] 75% LTV, decreasing by 5bps from 1.49% to 1.44%, product fee £995
  • [FO25680] 80% LTV, decreasing by 5bps from 2.09% to 2.04%, product fee £995
  • [FO25688] 85% LTV, decreasing by 11bps from 3.04% to 2.93%, product fee £0
  • [FO25681] 85% LTV, decreasing by 10bps from 2.69% to 2.59%, product fee £995

5 year fixed rate switcher

  • [FO25691] 60% LTV, decreasing by 3bps from 1.37% to 1.34%, product fee £995
  • [FO25694] 70% LTV, decreasing by 2bps from 1.65% to 1.63%, product fee £995
  • [FO25695] 70% LTV, decreasing by 9bps from 2.09% to 2.00%, product fee £0
  • [FO25696] 75% LTV, decreasing by 2bps from 1.65% to 1.63%, product fee £995
  • [FO25697] 75% LTV, decreasing by 9bps from 2.09% to 2.00%, product fee £0
  • [FO25698] 80% LTV, decreasing by 1bps from 2.24% to 2.23%, product fee £995
  • [FO25699] 85% LTV, decreasing by 11bps from 2.95% to 2.84%, product fee £995

 

End dates

 There are no changes to end dates

Transitional arrangements

You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm Monday 1 March, 2021.

If you are unable to submit an application online due to a technical issue that cannot be resolved over the phone, then you must submit a paper-based application. In this instance, you must e-mail your BDM by midday on Tuesday 2 March 2021. Requests received after this time will not be considered.

Your email must include in bullet points:

  • Your details – name, company and postcode
  • Customer name
  • Product applying for
  • Amount of mortgage loan
  • Reason for paper application – If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided
  • State whether you were trying to submit via NatWest Intermediary Solutions’ website or the Mortgage Trading Exchange

Paper applications must be signed by all applicants and the original received at the following address by close of business on Thursday 4 March 2021 for your rate to be honoured:

FREEPOST NatWest Intermediary Solutions

Mortgage Centre
Cartsdyke Avenue
Greenock
PA15 1ED

For a complete listing of all our mortgage products, please visit the product page on our web site.

 

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