NatWest Intermediary Solutions will raise rates across a range of selected two and five-year fixed-rate residential mortgage and remortgage products on Friday (26 November)
The broker-only arm of the high street bank says some of the biggest increases among two-year fixed-rate loans include:
A 60% loan-to-value, increasing by 5 basis points to 1.66%, with no fee and £150 cashback.
An 80% LTV, increasing by 5bps to 1.49%, with a £995 product fee.
Rises among two-year fixed-rate remortgages include:
A 70% LTV, increasing by 5bps to 1.45%, with a £995 product fee and £250 cashback.
An 80% LTV, increasing by 5bps to 1.48%, with a £995 product fee and £200 cashback.
Rises among five-year fixed-rate mortgages include:
A 70% LTV, increasing by 10bps to 1.65%, with a £995 product fee and £250 cashback.
A 75% LTV, increasing by 10bps to 1.83%, with no fee and £150 cashback.
Rises among five-year fixed-rate remortgages include:
A 60% LTV, increasing by 10bps to 1.61%, with a £995 product fee and £250 cashback.
And a 75% LTV, increasing by 10bps to 1.83%, with no product fee and £150 cashback.
The unit has also launched a five-year buy-to-let remortgage at 60% LTV at 1.53%, with a £1,495 product fee.
And has withdrawn a similar five-year buy-to-let remortgage at 60% LTV at 1.53%, with a £1,495 product fee.
The lender says brokers will be able to submit mortgage illustrations and applications online for existing deals up to 10:30pm Thursday 25 November 2021.
It adds that advisers that are unable to submit an online application due to a technical issue that cannot be resolved over the phone, must submit a paper application. In this case, they must email their business development manager by noon on Friday 26 November 2021. Requests received after this time will not be considered.
The bank says paper applications must be signed by all applicants and the original received by close of business on Tuesday 30 November 2021 for “rates to be honoured”.
It adds, there are no changes for existing customers and no changes to product end dates.