NatWest has launched new high value remortgage rates for new and existing customers who have a mortgage of £500k and over. Until now we have based all products on LTV; however we are introducing 12 new products that are being priced according to loan balance and LTV.

We’ve re-launched 12 products from our existing range at the same rate, with a different product code and max lend of £499,999. We’ve also introduced 12 new high value rates, for loan sizes of £500,000 and above.

The launch of new products for remortgage and product switchers and is the first step towards offering tailored customer pricing. This range of products will help to improve the way that we can meet the needs of our new and existing high balance mortgage customers.

Mark Bullard, Head of Sales, commented: “We recognise there is an element of a product gap in our portfolio for this particular type of customer, and by introducing these new products, this is what we are trying to do to fulfil that. By considering both term and LTV, this enables us to construct a product that is viable for that particular customer type.”

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

Core Range Residential

New Business

NEW

2 year fixed rate remortgage

  • [FO17058] 60% LTV, 1.90% (3.8% APRC, 3.99% SVR), £995 product fee, £499,999 maximum loan size
  • [FO17059] 70% LTV, 2.09% (3.8% APRC, 3.99% SVR), £995 product fee, £499,999 maximum loan size
  • [FO17060] 75% LTV, 2.09% (3.8% APRC, 3.99% SVR), £995 product fee, £499,999 maximum loan size

5 year fixed rate remortgage

  • [FO17061] 60% LTV, 2.44% (3.6% APRC, 3.99% SVR), £995 product fee, £499,999 maximum loan size
  • [FO17062] 70% LTV, 2.58% (3.6% APRC, 3.99% SVR), £995 product fee, £499,999 maximum loan size
  • [FO17063] 75% LTV, 2.73% (3.7% APRC, 3.99% SVR), £995 product fee, £499,999 maximum loan size

Withdrawals

 2 year fixed rate remortgage

  •  [FO16870] 60% LTV, 1.90% (3.8% APRC, 3.99% SVR), £995 product fee
  • [FO16872] 70% LTV, 2.09% (3.8% APRC, 3.99% SVR), £995 product fee
  • [FO16874] 75% LTV, 2.09% (3.8% APRC, 3.99% SVR), £995 product fee

5 year fixed rate remortgage

  • [FO16940] 60% LTV, 2.44% (3.6% APRC, 3.99% SVR), £995 product fee
  • [FO16942] 70% LTV, 2.58% (3.6% APRC, 3.99% SVR), £995 product fee
  • [FO16924] 75% LTV, 2.73% (3.7% APRC, 3.99% SVR), £995 product fee

High Value

NEW

2 year fixed rate remortgage

  • [FO17064] 60% LTV, 1.65% (3.7% APRC, 3.99% SVR), £995 product fee, £500,000 minimum loan size
  • [FO17065] 70% LTV, 1.79% (3.7% APRC, 3.99% SVR), £995 product fee, £500,000 minimum loan size
  • [FO17066] 75% LTV, 1.79% (3.7% APRC, 3.99% SVR), £995 product fee, £500,000 minimum loan size

5 year fixed rate remortgage

  • [FO17067] 60% LTV, 2.14% (3.3% APRC, 3.99% SVR), £995 product fee, £500,000 minimum loan size
  • [FO17068] 70% LTV, 2.28% (3.4% APRC, 3.99% SVR), £995 product fee, £500,000 minimum loan size
  • [FO17069] 75% LTV, 2.43% (3.4% APRC, 3.99% SVR), £995 product fee, £500,000 minimum loan size

Existing Customer

NEW

2 year fixed rate product switcher

  • [FO17070] 60% LTV, 1.90% (3.8% APRC, 3.99% SVR), £995 product fee, £499,999 maximum loan size
  • [FO17071] 70% LTV, 2.09% (3.8% APRC, 3.99% SVR), £995 product fee, £499,999 maximum loan size
  • [FO17072] 75% LTV, 2.09% (3.8% APRC, 3.99% SVR), £995 product fee, £499,999 maximum loan size

5 year fixed rate product switcher

  • [FO17073] 60% LTV, 2.44% (3.5% APRC, 3.99% SVR), £995 product fee, £499,999 maximum loan size
  • [FO17074] 70% LTV, 2.58% (3.6% APRC, 3.99% SVR), £995 product fee, £499,999 maximum loan size
  • [FO17075] 75% LTV, 2.73% (3.6% APRC, 3.99% SVR), £995 product fee, £499,999 maximum loan size

Withdrawals

2 year fixed rate product switcher

  • [FO16877] 60% LTV, 1.90% (3.8% APRC, 3.99% SVR), £995 product fee
  • [FO16881] 70% LTV, 2.09% (3.8% APRC, 3.99% SVR), £995 product fee
  • [FO16882] 75% LTV, 2.09% (3.8% APRC, 3.99% SVR), £995 product fee

5 year fixed rate switcher

  • [FO16949] 60% LTV, 2.44% (3.5% APRC, 3.99% SVR), £995 product fee
  • [FO16951] 70% LTV, 2.58% (3.6% APRC, 3.99% SVR), £995 product fee
  • [FO16953] 75% LTV, 2.73% (3.6% APRC, 3.99% SVR), £995 product fee

High Value

New

2 year fixed rate product switcher

  • [FO17076] 60% LTV, 1.65% (3.7% APRC, 3.99% SVR), £995 product fee, £500,000 minimum loan size
  • [FO17077] 70% LTV, 1.79% (3.8% APRC, 3.99% SVR), £995 product fee, £500,000 minimum loan size
  • [FO17078] 75% LTV, 1.79% (3.8% APRC, 3.99% SVR), £995 product fee, £500,000 minimum loan size

5 year fixed rate product switcher

  • [FO17079] 60% LTV, 2.14% (3.4% APRC, 3.99% SVR), £995 product fee, £500,000 minimum loan size
  • [FO17080] 70% LTV, 2.28% (3.4% APRC, 3.99% SVR), £995 product fee, £500,000 minimum loan size
  • [FO17081] 75% LTV, 2.43% (3.5% APRC, 3.99% SVR), £995 product fee, £500,000 minimum loan size