NatWest increases core rates by up to 0.50%

NatWest has announced rate increases of up to 50bps on selected core and semi-exclusive residential and buy-to-let products.

Related topics:  Mortgages
Rozi Jones
11th December 2018
NatWest

From tomorrow, core range remortgage products will rise by up to 0.50% and high value remortgage deals will see increases of up to 44bps.

Core buy-to-let rates will also increase by 50bps on two and five-year deals, while selected 60% 70% and 75% deals will see rate rises of up to 30bps as well as a fee increase.

Purchase and first-time buyer products will see smaller rate increases of up to 4bps.

On the Bank's semi-exclusive range, a new two-year 95% LTV product with free valuation and new two-year remortgage products will be launched.

Selected two and five-year higher-LTV products will also see small rate cuts of up to 8bps.

Elsewhere, semi-exclusive remortgage, first-time buyer and buy-to-let products will see rate rises of between 3 and 14bps.

Mark Bullard, head of sales at NatWest, said: “We have taken this time to reposition our portfolio to reflect the current market conditions and balance our mix of business.”

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