Effective 11th November we are making the following changes to our New and Existing product ranges.

New Business

New

  • Buy to Let – Remortgage: 60% LTV 2 year deal, 1.53% and £1,495 product fee

 

Rate Changes

  • Buy to Let – Purchase: Rate decreases of 10bps on selected 2 year deals
  • Buy to Let – Remortgage: Rate decreases of up to 10bps on selected 2 year deals
  • Remortgage: Rate increases of up to 5bps and 19bps on selected 2 and 5 year deals respectively
  • Shared Equity – Purchase: Rate increase of 15bps on 60% LTV 2 year deal
  • Help to Buy Shared Equity – Purchase: Rate increase of 15bps on 60% LTV 2 year deal
  • Green Purchase: Rate increases of up to 5bps and 12bps on selected 2 and 5 year deals respectively
  • Green Remortgage: Rate increases of up to 5bps and 20bps on selected 2 and 5 year deals respectively

Rate Changes and Cashback changes

  • Purchase: Rate increases of up to 16bps and 18bps on selected 2 and 5 year deals respectively, with a range of cashback increases
  • Remortgage: Rate increases of up to 10bps and 20bps on selected 2 and 5 year deals respectively, with a range of cashback increases
  • Green Purchase: Rate increase of 5bps on 75% LTV 2 year deal, with cashback increasing to £250

Withdrawals

  • Buy to Let – Remortgage: 75% LTV 2 year deal, 1.29% and £1,495 product fee

Existing Customer

 

Rate Changes

  • Switcher: Rate increases of up to 23bps and 22bps on selected 2 and 5 year deals respectively
  • Switcher – High value: Rate increases up to 12bps on selected 5 year deals

You can download a PDF of the updated product ranges on our Website. For a full summary of the changes, including transitional arrangements, visit the Latest News section on our home page.

NatWest to make rate increases to New and Existing Customer product ranges

Effective from Thursday 11 November 2021

Here’s a full list the changes with product codes in brackets:

New Business

 

Core Range

Residential

Rate Changes

2 year fixed rate remortgage

[FO28271] 70% LTV, increasing by 5bps from 1.22% to 1.27%, product fee £995, cashback £250

[FO28273] 75% LTV, increasing by 5bps from 1.22% to 1.27%, product fee £995, cashback £250

5 year fixed rate remortgage

[FO28276] 60% LTV, increasing by 19bps from 1.39% to 1.58%, product fee £0, cashback £150

[FO28277] 70% LTV, increasing by 3bps from 1.45% to 1.48%, product fee £995, cashback £250

Rate Changes and Cashback Changes

2 year fixed rate purchase

[FO28258] 60% LTV, increasing by 16bps from 1.31% to 1.47%, product fee £0, cashback increasing from £0 to £150

[FO28257] 60% LTV, increasing by 5bps from 1.18% to 1.23%, product fee £995, cashback increasing from £150 to £250

[FO28259] 70% LTV, increasing by 5bps from 1.23% to 1.28%, product fee £995, cashback increasing from £0 to £250

[FO28260] 70% LTV, increasing by 14bps from 1.38% to 1.52%, product fee £0, cashback increasing from £0 to £150

[FO28261] 75% LTV, increasing by 5bps from 1.23% to 1.28%, product fee £995, cashback increasing from £0 to £250

[FO28262] 75% LTV, increasing by 14bps from 1.38% to 1.52%, product fee £0, cashback increasing from £0 to £150

2 year fixed rate remortgage

[FO28270] 60% LTV, increasing by 10bps from 1.39% to 1.49%, product fee £0, cashback increasing from £100 to £150

[FO28269] 60% LTV, increasing by 5bps from 1.18% to 1.23%, product fee £995, cashback increasing from £150 to £250

[FO28272] 70% LTV, increasing by 5bps from 1.53% to 1.58%, product fee £0, cashback decreasing from £250 to £150

[FO28274] 75% LTV, increasing by 5bps from 1.53% to 1.58%, product fee £0, cashback decreasing from £250 to £150

5 year fixed rate purchase

[FO28264] 60% LTV, increasing by 18bps from 1.38% to 1.56%, product fee £0, cashback increasing from £0 to £150

[FO28263] 60% LTV, increasing by 12bps from 1.23% to 1.35%, product fee £995, cashback increasing from £0 to £250

[FO28266] 70% LTV, increasing by 8bps from 1.58% to 1.66%, product fee £0, cashback decreasing from £250 to £150

[FO28265] 70% LTV, increasing by 5bps from 1.43% to 1.48%, product fee £995, cashback increasing from £0 to £250

[FO28268] 75% LTV, increasing by 8bps from 1.58% to 1.66%, product fee £0, cashback decreasing from £250 to £150

[FO28267] 75% LTV, increasing by 5bps from 1.43% to 1.48%, product fee £995, cashback increasing from £0 to £250

5 year fixed rate remortgage

[FO28275] 60% LTV, increasing by 20bps from 1.18% to 1.38%, product fee £995, cashback increasing from £0 to £250

[FO28278] 70% LTV, increasing by 5bps from 1.58% to 1.63%, product fee £0, cashback decreasing from £250 to £150

[FO28280] 75% LTV, increasing by 5bps from 1.58% to 1.63%, product fee £0, cashback decreasing from £250 to £150

[FO28279] 75% LTV, increasing by 3bps from 1.45% to 1.48%, product fee £995, cashback increasing from £0 to £250

 

Shared Equity

Residential

Rate Changes

2 year fixed rate purchase

[FO28281] 60% LTV, increasing by 15bps from 1.18% to 1.33%, product fee £995, cashback £400

 

Help to Buy: shared equity

Residential

Rate Changes

2 year fixed rate purchase

[FO28282] 60% LTV, increasing by 15bps from 1.18% to 1.33%, product fee £995, cashback £400

 

BTL Range

Buy To Let

Rate Changes

2 year fixed rate purchase

[FO28283] 70% LTV, decreasing by 10bps from 1.68% to 1.58%, product fee £995

[FO28284] 75% LTV, decreasing by 10bps from 1.68% to 1.58%, product fee £995

5 year fixed rate remortgage

[FO28285] 60% LTV, decreasing by 5bps from 1.69% to 1.64%, product fee £995

[FO28286] 70% LTV, decreasing by 10bps from 1.93% to 1.83%, product fee £995

[FO28287] 75% LTV, decreasing by 10bps from 1.93% to 1.83%, product fee £995

New Products

5 year fixed rate remortgage

[FO28327] 60% LTV, 1.53%, product fee £1,495

Withdrawn

2 year fixed rate remortgage

[FO28012] 75% LTV, 1.29%, product fee £1,495

 

Green Mortgages

Residential

Rate Changes

2 year fixed rate purchase

[FO28288] 60% LTV, increasing by 5bps from 1.17% to 1.22%, product fee £995, cashback £250

2 year fixed rate remortgage

[FO28292] 60% LTV, increasing by 5bps from 1.17% to 1.22%, product fee £995, cashback £250

[FO28293] 75% LTV, increasing by 5bps from 1.21% to 1.26%, product fee £995, cashback £250

5 year fixed rate purchase

[FO28290] 60% LTV, increasing by 12bps from 1.22% to 1.34%, product fee £995, cashback £350

[FO28291] 75% LTV, increasing by 5bps from 1.42% to 1.47%, product fee £995, cashback £350

5 year fixed rate remortgage

[FO28294] 60% LTV, increasing by 20bps from 1.17% to 1.37%, product fee £995, cashback £350

[FO28295] 75% LTV, increasing by 3bps from 1.44% to 1.47%, product fee £995, cashback £350

Rate Changes and Cashback Changes

2 year fixed rate purchase

[FO28289] 75% LTV, increasing by 5bps from 1.22% to 1.27%, product fee £995, cashback increasing from £0 to £250

 

Existing Customer

 

Core Range

Residential

Rate Changes

2 year fixed rate switcher

[FO28296] 60% LTV, increasing by 23bps from 0.95% to 1.18%, product fee £995

[FO28297] 60% LTV, increasing by 19bps from 1.22% to 1.41%, product fee £0

[FO28298] 70% LTV, increasing by 15bps from 1.09% to 1.24%, product fee £995

[FO28299] 70% LTV, increasing by 2bps from 1.49% to 1.51%, product fee £0

[FO28300] 75% LTV, increasing by 15bps from 1.09% to 1.24%, product fee £995

5 year fixed rate switcher

[FO28301] 60% LTV, increasing by 22bps from 1.14% to 1.36%, product fee £995

[FO28302] 60% LTV, increasing by 5bps from 1.49% to 1.54%, product fee £0

5 year fixed rate switcher – high value

[FO28305] 70% LTV, increasing by 12bps from 1.33% to 1.45%, product fee £995

5 year fixed rate switcher

[FO28303] 70% LTV, increasing by 12bps from 1.34% to 1.46%, product fee £995

5 year fixed rate switcher – high value

[FO28306] 75% LTV, increasing by 11bps from 1.34% to 1.45%, product fee £995

5 year fixed rate switcher

[FO28304] 75% LTV, increasing by 11bps from 1.35% to 1.46%, product fee £995

 

 

End dates

 

There are no changes to end dates

Transitional arrangements

You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm Wednesday 10 November, 2021.

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 11 November 2021. 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 15 November 2021 for your rate to be honoured:

 

 

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.