Tomorrow, NatWest will be introducing rate changes to its range of residential and buy-to-let deals for existing customers. The move to introduce sizeable reductions in our switcher products is another step in our journey to offering a varied product range and accompanying services that brokers and customers can benefit from.

In late 2017 we launched our product transfer and retention fee facility which we’ve received great feedback on so far, this move sees brokers rewarded for their efforts in helping customers switch to a new NatWest mortgage deal. On the back of this we introduced an automated HPI check in March which means brokers no longer have to call us to obtain the HPI value as the current value is displayed on-screen.

Customers who’s fixed deal comes to an end on 30th Sept, and have not switched to a new deal, can still take advantage of our new rates, as well as our customers who’s product switch window is opening shortly.

Here’s a summary of the changes:

PRODUCT TRANSFER

Rate changes

Residential

  • Selected 2 year fixed rate switchers – decreases of between 8-54bps
  • Selected 5 year fixed rate switchers – decreases of between 5-68bps

Buy to let

  • Selected 2 year fixed rate switchers– decreases of between 6-68bps and fee decreases of £1,000.

Here is a full list of the changes with the product codes in brackets:

Residential

RATE CHANGES

2 year fixed rate switcher

  • [FO17951] 60% LTV, decreasing by 38bps from 2.69% to 2.31% (3.8% APRC, 3.99% SVR), £0 product fee
  • [FO17966] 60% LTV, decreasing by 10bps from 1.65% to 1.55% (3.7% APRC, 3.99% SVR), £995 product fee – High Value
  • [FO17950] 60% LTV, decreasing by 35bps from 1.90% to 1.55% (3.7% APRC, 3.99% SVR), £995 product fee
  • [FO17952] 70% LTV, decreasing by 38bps from 2.09% to 1.71% (3.7% APRC, 3.99% SVR), £995 product fee
  • [FO17967] 70% LTV, decreasing by 8bps from 1.79% to 1.71% (3.7% APRC, 3.99% SVR), £995 product fee – High Value
  • [FO17953] 70% LTV, decreasing by 38bps from 2.79% to 2.41% (3.8% APRC, 3.99% SVR), £0 product fee
  • [FO17954] 75% LTV, decreasing by 38bps from 2.09% to 1.71% (3.7% APRC, 3.99% SVR), £995 product fee
  • [FO17968] 75% LTV, decreasing by 8bps from 1.79% to 1.71% (3.8% APRC, 3.99% SVR), £995 product fee – High Value
  • [FO17955] 75% LTV, decreasing by 38bps from 2.79% to 2.41% (3.8% APRC, 3.99% SVR), £0 product fee
  • [FO17956] 80% LTV, decreasing by 39bps from 2.18% to 1.79% (3.7% APRC, 3.99% SVR), £995 product fee
  • [FO17957] 80% LTV, decreasing by 38bps from 2.89% to 2.51% (3.8% APRC, 3.99% SVR), £0 product fee
  • [FO17958] 85% LTV, decreasing by 54bps from 2.38% to 1.84% (3.7% APRC, 3.99% SVR), £995 product fee
  • [FO17959] 85% LTV, decreasing by 38bps from 2.98% to 2.60% (3.8% APRC, 3.99% SVR), £0 product fee

5 year fixed rate switcher

  • [FO17969] 60% LTV, decreasing by 41bps from 2.44% to 2.03% (3.4% APRC, 3.99% SVR), £995 product fee
  • [FO17970] 60% LTV, decreasing by 38bps from 2.97% to 2.59% (3.5% APRC, 3.99% SVR), £0 product fee
  • [FO17979] 60% LTV, decreasing by 11bps from 2.14% to 2.03% (3.4% APRC, 3.99% SVR), £995 product fee – High Value
  • [FO17972] 70% LTV, decreasing by 38bps from 3.03% to 2.65% (3.5% APRC, 3.99% SVR), £0 product fee
  • [FO17971] 70% LTV, decreasing by 35bps from 2.58% to 2.23% (3.4% APRC, 3.99% SVR), £995 product fee
  • [FO17980] 70% LTV, decreasing by 5bps from 2.28% to 2.23% (3.4% APRC, 3.99% SVR), £995 product fee – High Value
  • [FO17974] 75% LTV, decreasing by 38bps from 3.05% to 2.67% (3.5% APRC, 3.99% SVR), £0 product fee
  • [FO17981] 75% LTV, decreasing by 19bps from 2.43% to 2.24% (3.4% APRC, 3.99% SVR), £995 product fee – High Value
  • [FO17973] 75% LTV, decreasing by 49bps from 2.73% to 2.24% (3.4% APRC, 3.99% SVR), £995 product fee
  • [FO17976] 80% LTV, decreasing by 38bps from 3.17% to 2.79% (3.6% APRC, 3.99% SVR), £0 product fee
  • [FO17975] 80% LTV, decreasing by 45bps from 2.83% to 2.38% (3.5% APRC, 3.99% SVR), £995 product fee
  • [FO17978] 85% LTV, decreasing by 38bps from 3.38% to 3.00% (3.7% APRC, 3.99% SVR), £0 product fee
  • [FO17977] 85% LTV, decreasing by 68bps from 3.13% to 2.45% (3.5% APRC, 3.99% SVR), £995 product fee

Buy-to-let

RATE CHANGES

2 year fixed rate switcher

  • [FO17961] 60% LTV, decreasing by 38bps from 3.27% to 2.89% (4.3% APRC, 4.49% SVR), £0 product fee
  • [FO17963] 70% LTV, decreasing by 38bps from 3.52% to 3.14% (4.3% APRC, 4.49% SVR), £0 product fee
  • [FO17965] 75% LTV, decreasing by 38bps from 3.57% to 3.19% (4.3% APRC, 4.49% SVR), £0 product fee

RATE CHANGES AND FEE CHANGES

2 year fixed rate switcher

  • [FO17960] 60% LTV, decreasing by 6bps from 2.04% to 1.98% (4.2% APRC, 4.49% SVR), Fee decreasing from £1,995 to £995
  • [FO17962] 70% LTV, decreasing by 55bps from 2.59% to 2.04% (4.2% APRC, 4.49% SVR), Fee decreasing from £1,995 to £995
  • [FO17964] 75% LTV, decreasing by 68bps from 2.78% to 2.10% (4.2% APRC, 4.49% SVR), Fee decreasing from £1,995 to £995