NatWest pulls sub-4% fixes with rate increases of 0.30%

NatWest has announced widespread rate increases of 30bps across its residential and buy-to-let mortgage ranges.

As a result, the lender has withdrawn several of its sub-4% mortgage rates.

At 60% LTV, five-year fixed rates have increased from 3.74% to 4.04% with a £1,495 product fee, from 3.79% to 4.09% with a £995 fee, and from 3.92% to 4.22% fee-free.

At 70% LTV, rates now start from 4.20% with a £1,495 fee, 4.25% with a £995 fee, and 4.28% fee-free.

Five-year fixed rate remortgage products have also increased by 30bps, now starting from 4.12% at 60% LTV and 4.29% at 75% LTV.

As part of the changes, the cheapest two-year fixed rate purchase product at 60% LTV has increased from 4.02% to 4.32% with a £1,495 fee.

Two-year fixed rate remortgage products have also seen increases of 30bps, with the cheapest rate at 60% LTV now 4.48% with a £1,495 product fee.

Two-year tracker products have also seen 0.30% rate increases between 60% and 90% LTV, alongside two and five-year fixed rate first-time buyer products at 85 and 90% LTV and shared equity products.

In NatWest's buy-to-let range, two-year fixed rates have increased by 30bps to 4.69% at 60% LTV and 5.10% at 75% LTV. Two-year fixed rate remortgage products now start from 4.96% at 60% LTV and 4.66% at 75% LTV.

Five-year fixed rate buy-to-let purchase products have increased to 4.57% at 60% LTV and 4.62% at 75% LTV, while remortgage rates now start from 4.54% at 60% LTV and 4.55% at 75% LTV.