NatWest relaunches semi-exclusive range in rate shake-up

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

Related topics:  Mortgages
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"

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.”

More like this
Latest from Property Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.