NatWest introduces mortgage rate hikes

NatWest introduces mortgage rate hikes

NatWest has made changes to its core and semi-exclusive ranges of residential and buy-to-let purchase mortgages and remortgages.

The changes are as follows:

Core Range:

Shared Equity

  • Selected two-year fixed rate purchase – Increases of 15bps
  • Five-year fixed rate purchase – Increases of 1bps on 70% and 75% LTV deals.

Help to Buy: Shared Equity scheme

  • Selected two-year fixed rate purchase – Increases of 15bps
  • Five-year fixed rate purchase – Increases of 1bps on 70% and 75% LTV deals.

Residential

  • Selected two-year fixed rate purchase – Increases of between 1-15bps
  • Five-year fixed rate purchase – increases of 1bps on 60% and 95% LTV deals.

Semi-exclusive range:

Residential

  • Selected five-year fixed rate purchase – Increases of between 1-5bps
  • Selected five-year fixed rate remortgage – Increases of between 1-6bps

Buy-to-let

  • Selected two-year fixed rate purchase – Increases of between 1-3bps
  • Selected five-year fixed rate purchase – Increases of between 6-11bps
  • Selected two-year fixed rate remortgage – Increases of between 1-6bps
  • Selected five-year fixed rate remortgage – Increases of between 2-3bps

A NatWest Intermediary Solutions spokesperson said: “Having reviewed our portfolio we have made some  adjustments to rates to reflect the current market conditions and balance our mix of business.”

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