Loan: NatWest brings back tracker range, cuts fixes by up to 44bps



NatWest will reintroduce its tracker range, as well as cutting fixed-rate loans by up to 44 basis points, for new and existing customers, from tomorrow (24 November).

The high street bank says highlights among its new business products include 10 new two-year purchase tracker products covering a range of loan-to-value ratios.

And 10 new two-year remortgage tracker products covering a range of LTVs.

Notable new business rate changes include remortgage rate reductions of 44bps on 60% LTV five-year deals.

And green remortgage rate cuts of 44bps on 60% LTV five-year offers.

Among the lender’s new products for existing customers are 10 new two-year tracker switcher loans covering a range of LTVs.

Highlights of rate changes for existing customers include switcher rate cuts of up to 25bps and 44bps on selected two- and five-year deals.

And switcher – high-value rate reductions of up to 25bps and 44bps on selected two- and five-year offers.

The business says brokers will be able to produce mortgage illustrations and submit applications online for existing deals until 10:30pm Wednesday 23 November.

The move comes after chancellor Jeremy Hunt calmed international debt markets in October, by largely reversing former chancellor Kwasi Kwarteng’s tax-cutting mini-budget in September.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.