Finance

NatWest announce rate rise for BTL and residential products

Warren Lewis -
|
11th April 2018
Natwest 3

NatWest has announced that from today it is increasing rates across its core and semi-exclusive ranges of residential and buy-to-let purchase mortgages and remortgages.

According to the lender, buy-to-let two and five-year fixed rates will see increases of up to 11bps, while remortgage rates will see smaller rises of up to 6bps

Selected two-year fixed rate shared equity, Help to Buy and residential rates will see increases of 15bps with five-year fixed rates will seeing smaller increases of just 1 basis point.

In NatWest's semi-exclusive range, residential purchase and remortgage rates will see rises of between 1-6bps.

A spokesperson for NatWest said: “Having reviewed our portfolio we have made some adjustments to rates to reflect the current market conditions and balance our mix of business.”

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