NatWest has announced that from today rates across its core range residential and buy-to-let two and five year fixed rate mortgages and remortgages will increase.
According to the lender, first-time buyer rates and shared equity scheme fixed rates will rise by 20bps.
Two and five-year fixed rate residential purchase rates will increase by between 16-20bps and remortgage rates by up to 15bps. Two and five-year fixed rate buy-to-let purchase and remortgage products are rising by 10bps.
Mark Bullard, Head of Sales, commented: “We have repositioned our portfolio to reflect the current market environment that’s anticipating an increase in base rate.
We continue to offer a very broad range of attractive deals for brokers and their customers and an appetite for buy-to-let business as demonstrated by the changes we made recently to our proposition and the further enhancements we have planned.”