NatWest will be introducing rate reductions on selected core and semi-exclusive residential products and buy to let deals.

This includes some sizeable reductions across our intermediary exclusive range  of up to 84bps and 55bps across our purchase and remortgage products respectively.

A full list of the changes and transitional arrangements are given and  provided on the attached..

Here’s a summary of the changes:

Intermediary Exclusives

• Purchase: Rate reductions of 1-84bps on 2 & 5 year 60-85% LTV products with selected cash back changes. Launch a 2 year 75% no fee exclusive with cash back and a free valuation.
• Remortgage: Rate reductions of 1-55bps on 2 & 5 year 60-85% LTV products with selected cash back changes. Launch 2 year 60-75% LTV fee exclusives.
• BTL: Rate reduction of 3bps on 5 year 60% LTV remortgage product.

Core Range

• Purchase: Rate reductions of 3-5bps on 2 & 5 year 60-85% LTV fee based products.
• Shared Equity Purchase: Rate reductions of 4-5bps on 5 year 60-75% LTV fee based products.
• Remortgage: Rate reductions of 4-5bps on 2 & 5 year 60-85% LTV fee based products.

There are no changes to end dates

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.

For a full summary of our changes, please click here. Once you’ve clicked on the link, please scroll down to our ‘Latest News’ section and the product information is listed in our latest entry titled: “NatWest to make rate reductions to core and semi-exclusive residential and buy to let deals.”