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NatWest is increasing rates on a wide range of products tomorrow by up to 23 basis points.
Several other deals are being reduced by up to 10 bps.
Among the most substantial rate increases are the following changes for existing customers:
- Two-year fixed rate switcher deal at 60% LTV, increasing by 23bps from 0.95% to 1.18%, product fee £995
- Five-year fixed rate switcher deal at 60% LTV, increasing by 22bps from 1.14% to 1.36%, product fee £995
In its green mortgage range:
- Five-year fixed rate remortgage at 60% LTV, increasing by 20bps from 1.17% to 1.37%, product fee £995, cashback £350
In its core residential new business range:
- Five-year fixed for remortgage at 60% LTV, increasing by 20bps from 1.18% to 1.38%, product fee £995, cashback increasing from £0 to £250
The other product changes fall into the following categories:
- New buy-to-let remortgage at 60% LTV five-year deal, 1.53% and £1,495 product fee
- Buy-to-let purchase rate decreases of 10bps on selected two-year deals
- Buy-to-let remortgage rate decreases of up to 10bps on selected five-year deals
- Remortgage rate increases of up to 5bps and 19bps on selected two and five-year deals respectively
- Shared equity purchase tate increase of 15bps on 60% LTV two-year deal
- Help to Buy shared equity purchase: Rate increase of 15bps on 60% LTV two-year deal
- Green purchase: Rate increases of up to 5bps and 12bps on selected two and five-year deals respectively
- Green remortgage: Rate increases of up to 5bps and 20bps on selected two and five-year deals respectively
- Purchase: Rate increases of up to 16bps and 18bps on selected two and five-year deals respectively, with a range of cashback increases
- Remortgage: Rate increases of up to 10bps and 20bps on selected two and five- year deals respectively, with a range of cashback increases
- Green Purchase: Rate increase of 5bps on 75% LTV two-year deal, with cashback increasing to £250
For existing customers:
- Switcher rate increases of up to 23bps and 22bps on selected two and five-year deals respectively
- High value switcher rate increases up to 12bps on selected five-year deals
NatWest is also withdrawing a buy-to-let remortgage deal at 75% LTV fixed for two years at 1.29% with a £1,495 product fee.