High street lender NatWest has changed rates on 94 mortgage deals in its new business range, with the majority being decreases.
Within NatWest’s residential range, cuts of around 0.1% have been made to purchase and remortgage products.
An example includes its no-fee five-year fixed purchase rate at 95% loan to value (LTV), which has gone down from 5.23% to 5.13%.
Two products in NatWest’s residential range have gone up – its five-year fixed rate high-value purchase product at 75% LTV with a £995 fee is going from 4.36% to 4.38% and its five-year fixed rate at 75% LTV with no fee has gone up from 4.38% to 4.41%.
On the first-time buyer side, select rates have been cut by around six basis points.
For instance, the lender’s five-year fixed purchase rate at 85% LTV with a £995 fee and £250 cashback has gone from 4.48% to 4.42%.
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From a shared equity perspective, select NatWest products have fallen by around four basis points. Its two-year fixed rate at 60% LTV with no fee is priced at 4.55%.
The lender’s no-fee five-year fixed purchase rate has increased by three basis points to 4.56%.
Help to Buy products have been cut by around four basis points. This includes its five-year fixed rate remortgage at 60% LTV with a £995 fee and £500 cashback going from 4.32% to 4.28%.
Green mortgages, including purchase and remortgage products, have decreased by around eight basis points.
An example includes NatWest’s five-year fixed rate remortgage deal at 85% LTV falling from 4.57% to 4.49%. It has a product fee of £995.
Earlier this month, the bank announced it had cut new business rates.