NatWest trims mortgage rates by up to 0.17%

Five-year remortgage products have seen the largest reductions.

Related topics:  Mortgages
Rozi Jones | Editor, Financial Reporter
20th June 2024
NatWest

NatWest has reduced rates across its residential purchase and remortgage ranges by up to 17bps.

The largest reductions are across NatWest's five-year fixed rate remortgage range, with an 80% LTV product down by 0.17% to 4.97% with a £1,495 product fee or 5.02% with a £995 fee.

In the lender's two-year remortgage range, rates have reduced by up to 0.15%. Highlights include a 75% LTV product, down by 13bps to 4.98% with a £1,495 fee and 5.03% with a £995 fee.

At 80% LTV, two-year remortgage products are down by 13bps to 5.93% fee-free. In addition, 90% LTV products are down by between 13-15bps and now start from 5.93%.

Across NatWest's residential purchase range, two-year fixed rates now start from 4.78% at 60% LTV with a £1,495 fee.

75% LTV purchase products are down by 13bps and now start from 4.84%, while 80% LTV have reduced by up to 14bps and now start from 5.03%.

Five-year fixed rates have reduced by 10bps at 60% LTV, now starting from 4.35%, with 75% LTV rates reducing by up to 10bps and 90% LTV rates by up to 12bps.

For first-time buyers, two and five-year fixed rates are down by up to 12bps, with two-year products now starting from 5.13% at 85% LTV and 5.43% at 90% LTV, and five-year fixes reducing to 4.69% and 4.92% respectively.

Shared equity products and green mortgages have also reduced by up to 15bps.

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