NatWest to make widespread rate reductions across new business and existing customer product ranges.

Effective from Wednesday 15 September 2021.

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

New Business

Shared Equity

Residential

Rate Changes

2 year fixed rate purchase

  • [FO27522] 60% LTV, decreasing by 27bps from 1.74% to 1.47%, product fee £0
  • [FO27524] 70% LTV, decreasing by 26bps from 1.99% to 1.73%, product fee £0
  • [FO27523] 70% LTV, decreasing by 10bps from 1.48% to 1.38%, product fee £995, cashback £500
  • [FO27525] 75% LTV, decreasing by 10bps from 1.48% to 1.38%, product fee £995, cashback £500
  • [FO27526] 75% LTV, decreasing by 26bps from 1.99% to 1.73%, product fee £0

Rate Changes and Cashback Changes

2 year fixed rate purchase

  • [FO27521] 60% LTV, decreasing by 21bps from 1.29% to 1.08%, product fee £995, cashback increasing from £250 to £400

Help to Buy: shared equity

Residential

Rate Changes

2 year fixed rate purchase

  • [FO27528] 60% LTV, decreasing by 27bps from 1.74% to 1.47%, product fee £0
  • [FO27530] 70% LTV, decreasing by 26bps from 1.99% to 1.73%, product fee £0
  • [FO27529] 70% LTV, decreasing by 10bps from 1.48% to 1.38%, product fee £995, cashback £500
  • [FO27531] 75% LTV, decreasing by 10bps from 1.48% to 1.38%, product fee £995, cashback £500
  • [FO27532] 75% LTV, decreasing by 26bps from 1.99% to 1.73%, product fee £0

Rate Changes and Cashback Changes

2 year fixed rate purchase

  • [FO27527] 60% LTV, decreasing by 21bps from 1.29% to 1.08%, product fee £995, cashback increasing from £250 to £400

Mortgage Guarantee

Residential

Rate Changes

2 year fixed rate purchase

  • [FO27533] 95% LTV, decreasing by 20bps from 3.35% to 3.15%, product fee £0, cashback £500

5 year fixed rate purchase

  • [FO27534] 95% LTV, decreasing by 14bps from 3.59% to 3.45%, product fee £0, cashback £500

Green Mortgages

Residential

Rate Changes

2 year fixed rate purchase

  • [FO27535] 60% LTV, decreasing by 1bps from 0.93% to 0.92%, product fee £995, cashback £250
  • [FO27536] 85% LTV, decreasing by 19bps from 1.80% to 1.61%, product fee £995, cashback £250

2 year fixed rate remortgage

  • [FO27539] 60% LTV, decreasing by 6bps from 0.93% to 0.87%, product fee £995, cashback £250
  • [FO27540] 85% LTV, decreasing by 16bps from 1.95% to 1.79%, product fee £995, cashback £250

5 year fixed rate purchase

  • [FO27537] 60% LTV, decreasing by 1bps from 0.98% to 0.97%, product fee £995, cashback £350
  • [FO27538] 85% LTV, decreasing by 11bps from 2.26% to 2.15%, product fee £995, cashback £350

5 year fixed rate remortgage

  • [FO27541] 60% LTV, decreasing by 1bps from 0.98% to 0.97%, product fee £995, cashback £350

Core Range

Residential

Rate Changes

2 year fixed rate purchase

  • [FO27482] 60% LTV, decreasing by 1bps from 0.94% to 0.93%, product fee £995, cashback £250
  • [FO27483] 60% LTV, decreasing by 3bps from 1.14% to 1.11%, product fee £0
  • [FO27484] 70% LTV, decreasing by 20bps from 1.53% to 1.33%, product fee £0
  • [FO27485] 75% LTV, decreasing by 20bps from 1.53% to 1.33%, product fee £0
  • [FO27486] 80% LTV, decreasing by 14bps from 1.58% to 1.44%, product fee £995
  • [FO27487] 80% LTV, decreasing by 25bps from 2.08% to 1.83%, product fee £0
  • [FO27489] 85% LTV, decreasing by 24bps from 2.18% to 1.94%, product fee £0
  • [FO27491] 90% LTV, decreasing by 10bps from 2.35% to 2.25%, product fee £0
  • [FO27490] 90% LTV, decreasing by 7bps from 2.13% to 2.06%, product fee £995

2 year fixed rate remortgage

  • [FO27508] 85% LTV, decreasing by 13bps from 2.42% to 2.29%, product fee £0, cashback £250
  • [FO27507] 85% LTV, decreasing by 19bps from 1.99% to 1.80%, product fee £995, cashback £250
  • [FO27510] 90% LTV, decreasing by 69bps from 3.19% to 2.50%, product fee £0, cashback £250
  • [FO27509] 90% LTV, decreasing by 69bps from 2.82% to 2.13%, product fee £995

5 year fixed rate purchase

  • [FO27493] 70% LTV, decreasing by 20bps from 1.63% to 1.43%, product fee £0, cashback £250
  • [FO27496] 80% LTV, decreasing by 28bps from 2.18% to 1.90%, product fee £0
  • [FO27498] 85% LTV, decreasing by 9bps from 2.47% to 2.38%, product fee £0
  • [FO27497] 85% LTV, decreasing by 10bps from 2.27% to 2.17%, product fee £995
  • [FO27499] 90% LTV, decreasing by 14bps from 2.73% to 2.59%, product fee £995
  • [FO27500] 90% LTV, decreasing by 11bps from 2.95% to 2.84%, product fee £0

5 year fixed rate remortgage

  • [FO27512] 60% LTV, decreasing by 10bps from 1.29% to 1.19%, product fee £0, cashback £250
  • [FO27511] 60% LTV, decreasing by 1bps from 0.99% to 0.98%, product fee £995

Rate Changes and Cashback Changes

2 year fixed rate purchase

  • [FO27488] 85% LTV, decreasing by 18bps from 1.81% to 1.63%, product fee £995, cashback decreasing from £250 to £0

2 year fixed rate remortgage

  • [FO27502] 60% LTV, decreasing by 5bps from 1.14% to 1.09%, product fee £0, cashback increasing from £0 to £200
  • [FO27501] 60% LTV, decreasing by 6bps from 0.94% to 0.88%, product fee £995, cashback increasing from £200 to £250
  • [FO27503] 70% LTV, decreasing by 12bps from 1.50% to 1.38%, product fee £0, cashback increasing from £200 to £250
  • [FO27504] 75% LTV, decreasing by 12bps from 1.50% to 1.38%, product fee £0, cashback increasing from £200 to £250
  • [FO27506] 80% LTV, decreasing by 29bps from 2.28% to 1.99%, product fee £0, cashback decreasing from £250 to £200
  • [FO27505] 80% LTV, decreasing by 15bps from 1.58% to 1.43%, product fee £995, cashback increasing from £0 to £200

5 year fixed rate purchase

  • [FO27492] 60% LTV, decreasing by 1bps from 0.99% to 0.98%, product fee £995, cashback increasing from £0 to £250
  • [FO27494] 75% LTV, decreasing by 20bps from 1.63% to 1.43%, product fee £0, cashback increasing from £0 to £250

5 year fixed rate remortgage

  • [FO27513] 70% LTV, decreasing by 19bps from 1.62% to 1.43%, product fee £0, cashback decreasing from £350 to £250
  • [FO27514] 75% LTV, decreasing by 19bps from 1.62% to 1.43%, product fee £0, cashback decreasing from £350 to £250

Cashback Changes

5 year fixed rate purchase

  • [FO27495] 80% LTV, 1.88%, product fee £995, cashback decreasing from £250 to £0

First Time Buyer

Residential

Rate Changes and Cashback Changes

2 year fixed rate purchase

  • [FO27515] 80% LTV, decreasing by 14bps from 1.57% to 1.43%, product fee £995, cashback decreasing from £500 to £350
  • [FO27516] 85% LTV, decreasing by 18bps from 1.80% to 1.62%, product fee £995, cashback decreasing from £500 to £350
  • [FO27517] 90% LTV, decreasing by 7bps from 2.12% to 2.05%, product fee £995, cashback decreasing from £500 to £350

5 year fixed rate purchase

  • [FO27518] 80% LTV, decreasing by 6bps from 1.87% to 1.81%, product fee £995, cashback decreasing from £500 to £350
  • [FO27519] 85% LTV, decreasing by 10bps from 2.26% to 2.16%, product fee £995, cashback decreasing from £500 to £350
  • [FO27520] 90% LTV, decreasing by 14bps from 2.72% to 2.58%, product fee £995, cashback decreasing from £500 to £350

Existing Customer 

Core Range

Residential

Rate Changes

2 year fixed rate switcher

  • [FO27543] 60% LTV, decreasing by 5bps from 1.19% to 1.14%, product fee £0
  • [FO27542] 60% LTV, decreasing by 9bps from 0.99% to 0.90%, product fee £995

2 year fixed rate switcher – high value

  • [FO27557] 60% LTV, decreasing by 9bps from 0.98% to 0.89%, product fee £995
  • [FO27558] 70% LTV, decreasing by 6bps from 1.09% to 1.03%, product fee £995

2 year fixed rate switcher

  • [FO27545] 70% LTV, decreasing by 9bps from 1.57% to 1.48%, product fee £0
  • [FO27544] 70% LTV, decreasing by 6bps from 1.10% to 1.04%, product fee £995
  • [FO27546] 75% LTV, decreasing by 9bps from 1.15% to 1.06%, product fee £995

2 year fixed rate switcher – high value

  • [FO27559] 75% LTV, decreasing by 9bps from 1.14% to 1.05%, product fee £995

2 year fixed rate switcher

  • [FO27547] 75% LTV, decreasing by 9bps from 1.57% to 1.48%, product fee £0
  • [FO27548] 80% LTV, decreasing by 12bps from 1.76% to 1.64%, product fee £995
  • [FO27549] 80% LTV, decreasing by 10bps from 2.30% to 2.20%, product fee £0
  • [FO27550] 85% LTV, decreasing by 20bps from 2.04% to 1.84%, product fee £995
  • [FO27552] 90% LTV, decreasing by 38bps from 3.18% to 2.80%, product fee £0
  • [FO27551] 90% LTV, decreasing by 52bps from 2.85% to 2.33%, product fee £995 

5 year fixed rate switcher

  • [FO27553] 60% LTV, decreasing by 5bps from 1.09% to 1.04%, product fee £995

5 year fixed rate switcher – high value

  • [FO27560] 60% LTV, decreasing by 5bps from 1.08% to 1.03%, product fee £995
  • [FO27561] 70% LTV, decreasing by 4bps from 1.27% to 1.23%, product fee £995

5 year fixed rate switcher

  • [FO27554] 70% LTV, decreasing by 4bps from 1.28% to 1.24%, product fee £995
  • [FO27555] 75% LTV, decreasing by 9bps from 1.39% to 1.30%, product fee £995

5 year fixed rate switcher – high value

  • [FO27562] 75% LTV, decreasing by 9bps from 1.38% to 1.29%, product fee £995

5 year fixed rate switcher

  • [FO27556] 80% LTV, decreasing by 11bps from 2.05% to 1.94%, 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 Tuesday 14 September, 2021.

The supporting documentation for online applications on these products must be received in our Mortgage Centre in Birmingham by close of business on Tuesday 28 September, 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 Wednesday 15 September 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 Friday 17 September 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.