NatWest will introduce a range of changes to its mortgage products for both new and existing customers, effective from 3rd September.
For new business customers, NatWest is decreasing rates across several mortgage products.
These include reductions of up to 0.19% on selected 2-year and 5-year deals for purchases, remortgages, high-value mortgages, first-time buyers, shared equity purchases, and Help to Buy shared equity remortgages.
For high-value purchase and remortgage deals, the rate decreases range from 0.07% to 0.19% depending on the product.
The bank is also adjusting rates for green mortgage products, which are designed for energy-efficient homes.
These will see a reduction of up to 0.18% on selected 2-year and 5-year deals for both purchase and remortgage options.
Existing customers will also experience changes to their mortgage rates starting from 3rd September.
The details of these changes can be accessed through the Broker Portal, where brokers can view and select the appropriate rates for their clients.
End dates for NatWest’s 2-year and 5-year mortgage terms will be extended.
The 2-year term will now end on 31st December 2026, instead of the previous date of 30th November 2026.
Similarly, the 5-year term will now conclude on 31st December 2029, moving from the prior end date of 30th November 2029.
For those submitting new mortgage applications, NatWest has indicated that mortgage illustrations and applications for existing deals can be processed online until 10:30pm today, Monday 2nd September.