NatWest increases all purchase and remortgage rates by 0.25%
NatWest has become the latest ‘Big Six’ mortgage lender to increase residential rates this week, following hikes from HSBC and Barclays earlier today.
The lender has increased all two and five-year fixed rates across its residential purchase and remortgage ranges, but is one of the few lenders to still be offering a sub-4% rate.
Its lowest two-year fix at 60% LTV is available at 3.97% with a £1,495 fee, and its lowest five-year fixed rate at 60% LTV with a product fee of £1,495 is 4.14%.
Elsewhere in its range, two- and five-year fixed rate remortgages for first time buyers have increased by 0.25%, with two-year products now starting at 4.53% and five-year at 4.59% for an 85% LTV with no product fee.
Both their shared equity and Help to Buy shared equity ranges have seen 0.25% increases too, with the two-year fixed rate purchase for shared equity at 60% LTV now starting at 4.39% or 4.53% for the Help to Buy product.
The lender's buy-to-let range has seen the same changes, with two-year fixed rates for purchase now starting at 4.43% (at 60%) and 4.48% for five-year purchase products.
The bank has also increased the rate on further advances, from between 0.20% to 0.25% depending on the product.
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