From tomorrow, NatWest is making changes to its new business product range, which includes rate decreases of up to 12bps on residential purchase deals and 60bps on buy-to-let loans.
In NatWest's buy-to-let range two-year fixed rate mortgage products have decreased by up to 0.60%, with the largest cut to a 75% LTV product, down to 4.16% with a £3,499 fee. At 60% LTV, rates now start from 3.69% with a £3,499 fee.
Two-year fixed rate remortgage products have reduced by up to 47bps. At 60% LTV, rates now start from 3.93%, rising to 4.36% at 75% LTV.
Five-year buy-to-let purchase rates are decreasing by up to 32bps, now available from 4.28% at 60% LTV and 4.32% at 75% LTV with a £995 fee.
Five-year remortgage rates are down by up to 42bps, with the lowest rate at 60% LTV now 3.90% and 70% LTV rates starting from 4.25%.
In addition, selected residential and buy-to-let green mortgage rates have decreased by up to 40bps.
Residential rates
In its core residential range, two-year fixed rates have reduced by up to 12bps, starting from 4.02% at 60% LTV with a £1,495 fee, 4.07% with a £995 fee and 4.28% fee-free.
Two-year fixes now start from 4.25% at 75% LTV, 4.76% at 80% LTV, and 4.52% at 85% LTV. A fee-free 90% LTV two-year fix has reduced to 5.35% and a 95% LTV rate to 5.68%.
Two-year fixed rate remortgage products now start from 4.18% at 60% LTV, 4.40% at 75% LTV, 4.78% at 80% LTV, 5.06% at 85% LTV, and 5.53% at 90% LTV.
Two-year tracker products have also decreased by 12bps from 60% - 90% LTV.
Five-year fixed rates have also decreased by up to 0.12% and now start from 3.77% at 60% LTV with a £1,495 fee. At 75% LTV, five-year fixes start from 3.90%, rising to 4.12% at 80% LTV and 4.18% at 85% LTV.
Five-year remortgage products have reduced to start from 3.82% at 60% LTV, 3.99% at 75% LTV, 4.38% at 80% LTV, 4.45% at 85% LTV, and 4.97% at 90% LTV.
First-time buyer products have reduced by 12bps at 85% and 90% LTV, while shared equity products are down by up to 12bps at 60% and 75% LTV.
