The new green mortgage range will offer a preferential interest rate to new or existing customers who are purchasing an energy efficient property.
Products include two-year fixed rates from 1.33% up to 60% LTV, 1.61% at 75% LTV, and 2.89% at 85% LTV.
Five-year fixed rates start at 1.50% up to 60% LTV, 1.79% at 75% LTV, and 2.99% up to 85% LTV. All products come with a £995 product fee and £250 cashback.
NatWest is also increasing rates on new business products by up to 25bps on purchase deals and 34bps on remortgage deals.
The largest increases are to a two-year purchase product at 80% LTV, which has risen by 25bps from 1.99% to 2.24%, and a two-year remortgage rate at 85% LTV which has increased by 34bps from 2.90% to 3.24%.
Additionally, the lender is increasing rates on its existing borrower range by up to 10bps on two and five-year switcher products.
Miguel Sard, MD of home buying and ownership at NatWest Group, said: “We want to help home buyers to make greener choices, particularly as properties make up 15% of the UK total climate emissions and one of the core parts of our purpose as a bank is to help address the climate challenge. Our customers are increasingly interested in purchasing energy efficient homes and by offering those customers a lower mortgage rate, we want to have a positive impact on the environment. This is just one of many ways NatWest is supporting and encouraging greener choices.”
