NatWest have introduced rate changes on selected core and semi-exclusive residential products, as well as introducing some new products for existing customers.

Here’s a summary of the changes:

New Business

Core Range

  • Purchase: Rate reduction of 2bps on 70% and 5bps increase on 90% 2 year fixed rate purchase deals.
  • Rate reduction of up to 4bps on selected 5 year fixed rate purchase deals
  • Remortgage: Rate increase of 4bps on 90% 2 year fixed rate remortgage deal
  • Rate reductions of up to 4bps on selected 5 year fixed rate remortgage and 5 fixed rate remortgage high value deals

Intermediary Exclusives

  • Purchase: Rate increases of up to 20bps on selected 2 year fixed rate purchase deals
  • Rate decreases of up to 7bps on selected 5 year fixed rate purchase deals
  • Remortgage: Rate reductions of up to 5 bps on selected 5 year fixed rate remortgage deals
  • Rate increase of 6bps on 90% 5 year fixed rate remortgage deal

Existing customer

Core Range

  • Product switches: Introduction of new 2 and 5 year fixed rate products.
  • Withdrawal of selected 2 and 5 year fixed rate products

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

New Business

CORE

Residential

Rate changes

2 year fixed rate purchase

  • [FO20157] 70% LTV, decreasing by 2bps from 1.52% to 1.50% (4.24% SVR), £995 product fee, £250 Cashback
  • [FO20158] 90% LTV, increasing by 5bps from 1.91% to 1.96% (4.24% SVR), £995 product fee, £250 Cashback

5 year fixed rate purchase

  • [FO20159] 60% LTV, decreasing by 3bps from 1.87% to 1.84% (4.24% SVR), £995 product fee, £250 Cashback
  • [FO20160] 70% LTV, decreasing by 4bps from 1.92% to 1.88% (4.24% SVR), £995 product fee, £250 Cashback
  • [FO20161] 80% LTV, decreasing by 1bps from 2.09% to 2.08% (4.24% SVR), £995 product fee, £250 Cashback

2 year fixed rate remortgage

  • [FO20162] 90% LTV, increasing by 4bps from 1.98% to 2.02% (4.24% SVR), £995 product fee, £250 Cashback

5 year fixed rate remortgage

  • [FO20163] 60% LTV, decreasing by 1bps from 1.89% to 1.88% (4.24% SVR), £995 product fee, £250 Cashback
  • [FO20164] 70% LTV, decreasing by 4bps from 1.99% to 1.95% (4.24% SVR), £995 product fee, £250 Cashback 
  • [FO20165] 75% LTV, decreasing by 3bps from 1.99% to 1.96% (4.24% SVR), £995 product fee, £250 Cashback
  • [FO20166] 80% LTV, decreasing by 1bps from 2.14% to 2.13% (4.24% SVR), £995 product fee, £250 Cashback

5 year fixed rate remortgage – High Value

  • [FO19881] 60% LTV, decreasing by 1bps from 1.88% to 1.87% (4.24% SVR), £995 product fee, £250 Cashback
  • [FO19883] 70% LTV, decreasing by 4bps from 1.98% to 1.94% (4.24% SVR), £995 product fee, £250 Cashback
  • [FO19883] 75% LTV, decreasing by 3bps from 1.98% to 1.95% (4.24% SVR), £995 product fee, £250 Cashback

Semi Exclusives

Residential

New Products

2 year tracker purchase

  • [TO4793] 70% LTV, 1.55% (4.24% SVR), £995 product fee, £350 cashback
  • [TO4794] 70% LTV, 2.06% (4.24% SVR), £0 product fee, £250 cashback
  • [TO4795] 75% LTV, 1.57% (4.24% SVR), £995 product fee, £350 cashback

Rate changes

2 year fixed rate purchase

  • [FO20167] 90% LTV, increasing by 20bps from 1.79% to 1.99% (4.24% SVR), £995 product fee, £250 Cashback
  • [FO20168] 95% LTV, increasing by 6bps from 2.98% to 3.04% (4.24% SVR), £995 product fee, £250 Cashback

5 year fixed rate purchase

  • [FO20169] 60% LTV, decreasing by 3bps from 1.85% to 1.82% (4.24% SVR), £995 product fee
  • [FO20170] 60% LTV, decreasing by 7bps from 2.29% to 2.22% (4.24% SVR), £0 product fee, £500 Cashback
  • [FO20172] 70% LTV, decreasing by 6bps from 2.30% to 2.24% (4.24% SVR), £0 product fee, £500 Cashback
  • [FO20171] 70% LTV, decreasing by 6bps from 1.91% to 1.89% (4.24% SVR), £995 product fee
  • [FO20173] 75% LTV, decreasing by 2bps from 1.91% to 1.89% (4.24% SVR), £995 product fee
  • [FO20174] 75% LTV, decreasing by 2bps from 2.30% to 2.24% (4.24% SVR), £0 product fee, £500 Cashback
  • [FO20175] 85% LTV, decreasing by 2bps from 2.09% to 2.07% (4.24% SVR), £995 product fee

5 year fixed rate remortgage

  • [FO20178] 60% LTV, decreasing by 5bps from 2.19% to 2.14% (4.24% SVR), £0 product fee, £500 Cashback
  • [FO20177] 60% LTV, decreasing by 3bps from 1.83% to 1.80% (4.24% SVR), £995 product fee
  • [FO20179] 70% LTV, decreasing by 4bps from 1.93% to 1.89% (4.24% SVR), £995 product fee
  • [FO20180] 75% LTV, decreasing by 4bps from 1.93% to 1.89% (4.24% SVR), £995 product fee
  • [FO20181] 85% LTV, decreasing by 2bps from 2.09% to 2.07% (4.24% SVR), £995 product fee
  • [FO20176] 90% LTV, increasing by 6bps from 1.93% to 1.99% (4.24% SVR), £995 product fee, £250 Cashback

Withdrawals

2 year tracker purchase

  • [TO4763] 70% LTV, 1.55% (4.24% SVR), £995 product fee, £350 cashback
  • [TO4764] 70% LTV, 2.06% (4.24% SVR), £0 product fee, £250 cashback
  • [TO4765] 75% LTV, 1.57% (4.24% SVR), £995 product fee, £350 cashback

Existing Customers

New Products

2 year fixed rate switcher

  • [FO20151] 60% LTV, 1.55% (4.24% SVR), £995 product fee
  • [FO20152] 70% LTV, 1.64% (4.24% SVR), £995 product fee
  • [FO20153] 75% LTV, 1.64% (4.24% SVR), £995 product fee

5 year fixed rate switcher

  • [FO20154] 60% LTV, 1.89% (4.24% SVR), £995 product fee
  • [FO20155] 70% LTV, 1.99% (4.24% SVR), £995 product fee
  • [FO20156] 75% LTV, 1.99% (4.24% SVR), £995 product fee

Withdrawals

2 year fixed rate switcher

  • [FO19914] 60% LTV, 1.55% (4.24% SVR), £995 product fee
  • [FO19916] 70% LTV, 1.64% (4.24% SVR), £995 product fee
  • [FO19918] 75% LTV, 1.64% (4.24% SVR), £995 product fee

2 year fixed rate switcher – High value

  • [FO19924] 60% LTV, 1.55% (4.24% SVR), £995 product fee
  • [FO19925] 70% LTV, 1.71% (4.24% SVR), £995 product fee
  • [FO19926] 75% LTV, 1.71% (4.24% SVR), £995 product fee

5 year fixed rate switcher

  • [FO20103] 60% LTV, 1.89% (4.24% SVR), £995 product fee
  • [FO20105] 70% LTV, 1.99% (4.24% SVR), £995 product fee
  • [FO20107] 75% LTV, 1.99% (4.24% SVR), £995 product fee

5 year fixed rate switcher – High value

  • [FO20027] 60% LTV, 2.03% (4.24% SVR), £995 product fee
  • [FO20028] 70% LTV, 2.23% (4.24% SVR), £995 product fee
  • [FO20029] 75% LTV, 2.24% (4.24% SVR), £995 product fee

End dates

There are no changes to end dates

Transitional arrangements

The supporting documentation for online applications on these products must be received in our Mortgage Centre in Birmingham by close of business on Thursday 30th May 2019

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 Monday 20th May 2019 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.