NatWest has made a series of reductions in its new businesses and existing customer lines up to 69 basis points.
In the lender’s base line for new business, the biggest rate cut for a two-year fix is the 80% free LTV product, which was reduced by 25 basis points from 2.08 % to 1.83% and, for a fixed five-year period, the 80% free LTV product was reduced by 28 basis points from 2.18% to 1.90%.
Across the mortgage lineup, the 90% two-year LTV fix with zero product fees and £ 250 cash back received an overall drop of 69 basis points from 3.19% to 2.50% .
In addition, the 90% two-year LTV fix with product fees of £ 995 has also been reduced by 69 basis points from 2.82% to 2.13%.
And in the mortgage guarantee scheme, the fix of 95% two-year LTV with zero product fees and £ 500 cash back has been removed by 20 basis points, with the rate dropping from 3.35% to 3.15. %, and the five-year fix with the same incentives were reduced by 4 basis points, from 3.59% to 3.45%.
Elsewhere, cuts of up to 21 basis points and cashback increases of £ 400 have been made in shared equity and cuts of up to 21 basis points and cashback increases of £ 400 have been made in the shared equity of Purchase Assistance.
For existing customers, the biggest reduction is in the mainline switch series, where the fix of 90% two-year LTV with product fees of £ 995 received a reduction of 52 basis points from from 2.85% to 2.33%.
The changes take place on September 15th.