NatWest has introduced rate changes to its core and semi-exclusive ranges of residential purchase mortgages and remortgages.

There is also an introduction of new core and semi-exclusive residential products.

Here’s a summary of the changes:

CORE RANGE

Residential

NEW

2 year fixed rate purchase

  • [FO17138] 60% LTV, 1.54% (3.8% APRC, 3.99% SVR), £995 product fee, £250 cashback

WITHDRAWALS

2 year fixed rate purchase

  • [FO16986] 60% LTV, 1.66% (3.8% APRC, 3.99% SVR), £995 product fee

RATE CHANGES

 5 year fixed rate purchase

  •  [FO17139] 60% LTV, increasing by 1bps from 1.94% to 1.95% (3.4% APRC, 3.99% SVR), £995 product fee, £250 cashback
  • [FO17140] 70% LTV, increasing by 1bps from 1.98% to 1.99% (3.3% APRC, 3.99% SVR), £995 product fee, £250 cashback
  • [FO17141] 75% LTV, increasing by 2bps from 1.98% to 2.00% (3.4% APRC, 3.99% SVR), £995 product fee, £250 cashback
  • [FO17142] 80% LTV, increasing by 8bps from 2.10% to 2.18% (3.4% APRC, 3.99% SVR), £995 product fee, £250 cashback
  • [FO17143] 85% LTV, increasing by 3bps from 2.31% to 2.34% (3.4% APRC, 3.99% SVR), £995 product fee, £250 cashback

Semi-Exclusives

Residential

NEW

2 year fixed rate purchase

  • [FO17144] 60% LTV, 1.53% (3.8% APRC, 3.99% SVR), £995 product fee, £350 cashback

5 year fixed rate purchase 

  • [FO17145] 60% LTV, 1.91% (3.3% APRC, 3.99% SVR), £995 product fee, £350 cashback

2 year fixed rate remortgage

  • [FO17153] 60% LTV, 1.61% (3.8% APRC, 3.99% SVR), £995 product fee

WITHDRAWALS

5 year fixed rate purchase

  • [FO17100] 60% LTV, 1.89% (3.3% APRC, 3.99% SVR), £995 product fee, £250 cashback

5 year fixed rate purchase

  • [FO17146] 70% LTV, increasing by 1bps from 1.94% to 1.95% (3.3% APRC, 3.99% SVR), £995 product fee, £350 cashback
  • [FO17148] 75% LTV, increasing by 5bps from 2.38% to 2.43% (3.4% APRC, 3.99% SVR), £0 product fee, £500 cashback
  • [FO17147] 75% LTV, increasing by 1bps from 1.94% to 1.95% (3.3% APRC, 3.99% SVR), £995 product fee, £350 cashback
  • [FO17150] 80% LTV, increasing by 1bps from 2.45% to 2.46% (3.5% APRC, 3.99% SVR), £0 product fee, £250 cashback
  • [FO17149] 80% LTV, increasing by 1bps from 2.04% to 2.05% (3.4% APRC, 3.99% SVR), £995 product fee, £500 cashback
  • [FO17151] 85% LTV, increasing by 8bps from 2.16% to 2.24% (3.4% APRC, 3.99% SVR), £995 product fee, £500 cashback
  • [FO17152] 90% LTV, increasing by 2bps from 2.99% to 3.01% (3.7% APRC, 3.99% SVR), £0 product fee, £500 cashback

5 year fixed rate remortgage

  • [FO17154] 60% LTV, increasing by 2bps from 1.89% to 1.91% (3.3% APRC, 3.99% SVR), £995 product fee
  • [FO17155] 60% LTV, increasing by 4bps from 2.09% to 2.13% (3.3% APRC, 3.99% SVR), £0 product fee
  • [FO17157] 70% LTV, increasing by 5bps from 2.14% to 2.19% (3.4% APRC, 3.99% SVR), £0 product fee
  • [FO17156] 70% LTV, increasing by 1bps from 1.94% to 1.95% (3.3% APRC, 3.99% SVR), £995 product fee
  • [FO17158] 75% LTV, increasing by 1bps from 1.94% to 1.95% (3.3% APRC, 3.99% SVR), £995 product fee
  • [FO17159] 75% LTV, increasing by 1bps from 2.27% to 2.28% (3.4% APRC, 3.99% SVR), £0 product fee
  • [FO17160] 80% LTV, increasing by 5bps from 2.10% to 2.15% (3.4% APRC, 3.99% SVR), £995 product fee
  • [FO17161] 80% LTV, increasing by 1bps from 2.28% to 2.29% (3.4% APRC, 3.99% SVR), £0 product fee
  • [FO17162] 85% LTV, increasing by 10bps from 2.24% to 2.34% (3.5% APRC, 3.99% SVR), £995 product fee
  • [FO17163] 90% LTV, increasing by 20bps from 2.49% to 2.69% (3.6% APRC, 3.99% SVR), £995 product fee, £500 cashback

End Dates

  • 2 YrTerm End Dates Moving from 31/07/2020 to 30/11/2020
  • 5 YrTerm End Dates Moving from 31/07/2023 to 30/11/2023

Transitional arrangements

You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on Wednesday 6th June 2018.

The supporting documentation for applications on these products must be received in our Mortgage Processing Centre by close of business on Wednesday 20th June 2018. Please submit all packaging documentation together to ensure the application can be dealt with efficiently.

If you are unable to submit an application online due to a technical issue that cannot be resolved over the phone, then you must submit a paper-based application. In this instance, you must e-mail your BDM by midday on Thursday 7th June 2018. Requests received after this time will not be considered

Your email must include in bullet points:

  • Your details – name, company and postcode
  • Customer name
  • Product applying for
  • Amount of mortgage loan
  • Reason for paper application – If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided
  • State whether you were trying to submit via NatWest Intermediary Solutions’ website or the Mortgage Trading Exchange

Paper applications must be signed by all applicants and the original received at the following address by close of business on Monday 11th June 2018 for your rate to be honoured. You must hold a valid illustration produced prior to rate withdrawal.

FREEPOST NatWest Intermediary Solutions
Mortgage Centre
Cartsdyke Avenue
Greenock
PA15 1ED

For a complete listing of all our mortgage products, please visit the product page on our web site.

As a responsible lender, we have been able to make these changes whilst ensuring that we maintain our risk appetite and the quality of business we accept.

If you have any questions please do not hesitate to call me or use our dedicated instant messaging service LiveTALK.