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.
ONLY FOR USE BY MORTGAGE INTERMEDIARIES
NatWest to make rate changes to both New Business and existing customer product ranges
Effective 9th December we are making the following changes to our New and Existing product ranges, as well as changes to our end dates.
New Business
Rate Changes
- Purchase: Rate increases of up to 10bps on selected 2 year deals
- Remortgage: Rate increase of 7bps on 75% LTV 2 year deal
- Shared Equity – Purchase: Rate increases of up to 15bps and 9bps on selected 2 and 5 year deals
- Help to Buy Shared Equity – Purchase: Rate increases of up to 15bps and 9bps on selected 2 and 5 year deals
- Help to Buy Shared Equity – Remortgage: Rate increases of up to 15bps on selected 2 and 5 year deals
- BTL Purchase: Rate increase of 5bps on selected 2 year deals
- BTL Remortgage: Rate increase of 5bps on selected 2 year deals
- Green Purchase: Rate increase of 5bps and 10bps on selected 2 and 5 year deals
- Green Remortgage: Rate increase of 5bps and 10bps on selected 2 and 5 year deals
- Green BTL – Purchase: Rate increases of up to 5bps on selected 2 year deals
- Green BTL – Remortgage: Rate increase of 4bps on 65% LTV 2 year deal
Existing Customer
Rate Changes
- Switcher: Rate increase of 3bps on selected 2 and 5 year deals respectively
- Switcher – High value: Rate increase of 3bps on selected 5 year deals
End dates
2 Year Term End Dates Moving from 29 February 2024 to 30 April 2024
5 Year Term End Dates Moving from 28 February 2027 to 30 April 2027
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.