Mortgages

NatWest relaunches semi-exclusive range in rate shake-up

Rozi Jones
|
14th March 2018
natwest bank
"Having reviewed our product portfolio in line with the prevailing market conditions, we’re now in a position to reintroduce our semi-exclusive range"

NatWest has introduced rate changes across its residential and buy-to-let purchase and remortgage ranges.

It is also reintroducing its semi-exclusive range, with new five-year residential purchase mortgages and remortgages.

Additionally there will be withdrawals from both core and semi-exclusive ranges.

NatWest is withdrawing its £250 cashback offer on two-year fixed rate residential products and has launched new rates across the range.

Two-year fixed rates have been reduced by 17bps at 95% LTV and 12bps at 90% LTV.

Five-year fixes have been cut by 14bps at 95% LTV and 9bps at 60% LTV.

While high-LTV fixed rates have fallen, selected shared equity and Help to Buy rates will see increases of between 9-14bps while first-time buyers rates have risen by up to 19bps.

Five-year buy-to-let fixed rates have seen decreases of between 8-12bps.

Mark Bullard, head of sales, commented: “Having reviewed our product portfolio in line with the prevailing market conditions, we’re now in a position to reintroduce our semi-exclusive range with some very competitive five-year products.

"In this very competitive market I really pleased that we’ve been able to honour our commitment of reintroducing our semi-exclusive range by offering a range of products that will provide value to our broker partners and their customers.”

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