Brilliant Solutions

Natwest Updates

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. 

Announcement

NatWest to make rate changes to products for both new and existing customers

Effective from the 8th December, we will be making rate changes across our new and existing customer ranges which are as follows;

  • There’s good news for purchase customers as we are making rate reductions of up to 19bps on 2 year deals and 20bps on 5 year deals. These reductions are across a wide variety of LTV bandings, from 60% LTV up to 85% LTV
  • Rate reductions in our core remortgage range of up to 7bps
  • Customers looking for a Green Mortgage can also benefit from reductions of up to 11bps
  • Rate increases of up to 19bps on our BTL switcher range
  • A mixture of rate increases of up to 19bps and reductions of up to 5bps on our product switcher range

The summary of the rate changes are as follows:

New Business

Core Range – Rate Changes

  • Purchase: Rate reductions of up to 19bps and 20bps on selected 2 and 5 year deals respectively.
  • Remortgage: Rate reductions of up to 5bps on selected 2 and 5 year deals respectively.
  • Remortgage – High Value: Rate reductions of up to 7bps on selected 2 and 5 year deals respectively.
  • Green Mortgage – Purchase: Rate reductions of up to 9bps and 11bps selected 2 and 5 year deals respectively.     

Existing Customer

Exclusives

  • Buy to Let Switchers: Rate increase of up to 19bps and 8bps on 2 and 5 year deals respectively.
  • Switcher reductions: Rate reductions of up to 5bps and 3 bps on 2 and 5 years deals respectively
  • Switcher increases: Rate increase of up to 14bps and 26bps on 2 and 5 year deals respectively.

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.

Share this:

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top