NatWest makes widespread rate cuts of up to 0.74%

Two-year fixed rates have seen cuts of between 41bps and 72bps.

Related topics:  Mortgages
Rozi Jones | Editor, Barcadia Media Limited
10th January 2023
NatWest

NatWest has announced a series of rate cuts across its residential, buy-to-let and existing customer mortgage ranges.

Across its residential range, two-year fixed rates have seen cuts of between 41bps and 72bps with the largest reduction to a 75% LTV product, now available at 5.13% with no product fee.

At higher LTVs, two-year fixed rates now start from 5.33% at 90% LTV and 5.99% at 95% LTV.

Two-year fixed rate remortgage products have seen smaller rate cuts of between 36bps and 51bps, while two-year tracker rate purchase and remortgage products have been lowered by up to 20bps and now start from 3.89% at 60% LTV.

Five-year fixed rate purchase products have reduced by between 55bps and 70bps, now starting from 4.43% at 60% LTV, rising to 5.25% at 95% LTV.

Five-year fixed rate remortgage products have seen cuts of up to 74bps, with the largest to a 90% LTV rate, reducing to 4.90% with no product fee.

Across NatWest's first-time buyer exclusive range, two-year fixed rates have been lowered by up to 66bps and now start from 5.03% at 85% LTV and 5.33% at 90% LTV. Five-year fixed rates have seen cuts between 57-70bps, starting from 4.80% at 85% LTV and 4.90% at 90% LTV.

Shared equity rates have seen reductions of between 52bps and 67bps across two and five-year fixed rates, now starting from 4.58%.

Help to Buy shared equity rates have reduced by up to 67bps across two and five-year fixed rate purchase and remortgage products, with two-year rates now starting at 4.93% and five-year fixes from 4.70%.

In the Bank's buy-to-let range, two-year purchase and remortgage products have seen reductions of up to 57bps, now starting from 5.07%. Five-year purchase and remortgage rates have been cut by up to 41bps, starting from 4.95% at 60% LTV.

Residential green mortgage rates have fallen by between 41bps and 67bps across two and five-year purchase and remortgage options. Two-year fixed rates now start from 4.73% and five-year fixes from 4.38%.

Buy-to-let green mortgages have seen cuts of up to 47bps, with two-year fixes now starting at 5.17% and five-year fixes from 4.95%.

For existing customers, two-year fixed rate switcher products have seen cuts of up to 41bps, now starting at 4.70%, with two-year trackers now available from 3.89%.

Five-year fixed rate switcher products have reduced by up to 64bps, now starting at 4.33%.

Alongside the rate cuts, end dates have moved to 31st May for both two and five-year fixed rate products.

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