NatWest to make rate reductions across Existing Customer product range

Effective 12th October we are making changes across our Existing Customer product range, which reductions of up to 20bps on standard switchers and 13bps on Buy to Let switchers. We are also making changes to our end dates.

Existing Customer

A. Core Range – Rate Changes

  • Switcher: Rate reductions of up to 20bps and 15bps on selected 2 and 5 year deals respectively
  • Switcher – High Value: Rate reductions of up to 7bps and 5bps on selected 2 and 5 year deals respectively
  • Buy to Let Switcher: Rate reductions of up to 13bps and 8bps on selected 2 and 5 year deals respectively

End dates

  • Our end dates are changing as follows:
  • 2 Year Term End Dates Moving from 30 November 2023 to 29 February 2024
  • 5 Year Term End Dates Moving from 30 November 2026 to 28 February 2027

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 reductions across New Customer product range

Effective from Tuesday 12 October 2021

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

Existing Customer

Core Range

Residential

Rate Changes

2 year fixed rate switcher

[FO27661] 60% LTV, decreasing by 2bps from 1.14% to 1.12%, product fee £0

2 year fixed rate switcher – high value

[FO27861] 60% LTV, decreasing by 5bps from 0.89% to 0.84%, product fee £995

2 year fixed rate switcher

[FO27658] 60% LTV, decreasing by 5bps from 0.90% to 0.85%, product fee £995

[FO27664] 70% LTV, decreasing by 9bps from 1.48% to 1.39%, product fee £0

2 year fixed rate switcher – high value

[FO27862] 70% LTV, decreasing by 5bps from 1.03% to 0.98%, product fee £995

2 year fixed rate switcher

[FO27662] 70% LTV, decreasing by 5bps from 1.04% to 0.99%, product fee £995

2 year fixed rate switcher – high value

[FO27863] 75% LTV, decreasing by 7bps from 1.05% to 0.98%, product fee £995

2 year fixed rate switcher

[FO27666] 75% LTV, decreasing by 7bps from 1.48% to 1.41%, product fee £0

[FO27665] 75% LTV, decreasing by 7bps from 1.06% to 0.99%, product fee £995

[FO27844] 80% LTV, decreasing by 16bps from 1.64% to 1.48%, product fee £995

[FO27846] 85% LTV, decreasing by 15bps from 2.49% to 2.34%, product fee £0

[FO27845] 85% LTV, decreasing by 8bps from 1.84% to 1.76%, product fee £995

[FO27848] 90% LTV, decreasing by 20bps from 2.80% to 2.60%, product fee £0

[FO27847] 90% LTV, decreasing by 10bps from 2.33% to 2.23%, product fee £995

[FO27849] 100% LTV, decreasing by 10bps from 3.10% to 3.00%, product fee £995

[FO27850] 100% LTV, decreasing by 10bps from 3.30% to 3.20%, product fee £0

5 year fixed rate switcher

[FO27851] 70% LTV, decreasing by 15bps from 1.69% to 1.54%, product fee £0

[FO27852] 75% LTV, decreasing by 5bps from 1.30% to 1.25%, product fee £995

5 year fixed rate switcher – high value

[FO27864] 75% LTV, decreasing by 5bps from 1.29% to 1.24%, product fee £995

5 year fixed rate switcher

[FO27853] 75% LTV, decreasing by 15bps from 1.69% to 1.54%, product fee £0

[FO27854] 80% LTV, decreasing by 2bps from 1.94% to 1.92%, product fee £995

 

BTL Standard Switcher Range

Buy To Let

Rate Changes

2 year fixed rate switcher

[FO27855] 60% LTV, decreasing by 13bps from 1.58% to 1.45%, product fee £995

[FO27856] 70% LTV, decreasing by 10bps from 1.84% to 1.74%, product fee £995

[FO27857] 75% LTV, decreasing by 10bps from 1.84% to 1.74%, product fee £995

5 year fixed rate switcher

[FO27858] 60% LTV, decreasing by 8bps from 1.89% to 1.81%, product fee £995

[FO27859] 70% LTV, decreasing by 3bps from 2.13% to 2.10%, product fee £995

[FO27860] 75% LTV, decreasing by 3bps from 2.13% to 2.10%, product fee £995

 

End dates

  • 2 Year Term End Dates Moving from 30 November 2023 to 29 February 2024
  • 5 Year Term End Dates Moving from 30 November 2026 to 28 February 2027

Transitional arrangements

You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm Monday 11 October, 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 Tuesday 12 October 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 Thursday 14 October 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.