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. 

ONLY FOR USE BY MORTGAGE INTERMEDIARIES

ONLY FOR USE BY MORTGAGE INTERMEDIARIES

 

 

Effective from Thursday 15 July 2021 we’re making a series of changes to our product ranges for both new and existing customers.

 

These changes could benefit numerous customers types and include widespread reductions of up to 14bps on our remortgage range, alongside reductions to our first time buyer and green mortgage products.

 

New Business

 

  1. Core Range – Rate Changes
  • Remortgage: Rate reductions of up to 14bps and 11bps on selected 2 and 5 year deals respectively
  • Purchase: Rate reductions of up to 21bps and 12bps on 2 and 5 year deals respectively
  • First time buyer: Rate reductions of up to 20bps and 8bps on 2 and 5 year deals respectively
  • Mortgage Guarantee Scheme: Rate reduction of 17bps and 11bps on 2 and 5 year deals respectively
  • Green Mortgage: Rate reductions of up to 21bps and 12bps on 2 and 5 year deals respectively

 

 

  1. Core Range – Rate changes and cashback changes
  • Remortgage: Rate reductions of up to 13bps and 8bps on 2 and 5 year deals respectively, with various cashback changes, including an increase to £250 on a 70% LTV 5 year deal
  • Purchase: Rate reductions of up to 21bps and 8bps on 2 and 5 year deals respectively, with cashback decreasing from £250 to £0. Cashback increasing to £250 on 60% LTV 2 year deal
  • Tracker remortgages: Rate reductions of 5bps on selected 2 year deals, with cashback increasing to £250

 

  1. Core Range – Withdrawals
  • Tracker remortgage: Withdrawal of 60% LTV 2 year deal
  • Remortgage – High value: Withdrawal of 4 products, covering 2 and 5 year deals
  • Tracker purchase: Withdrawal of 60% LTV 2 year deal

 

Existing Customer

 

  1. Core Range – Rate changes
  • Switcher: Rate reductions of up to 10bps and 9bps on selected 2 and 5 year deals respectively
  • Switcher – High value: Rate reductions of up to 7bps and 9bps on selected 2 and 5 year deals respectively

 

End dates

 

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.

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