MortgagesApr 11 2018

NatWest increases rates by up to 15bps

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NatWest increases rates by up to 15bps

NatWest has increased rates on its mortgages by up to 15 basis points.

The bank has announced a raft of changes to residential and buy-to-let products.

Help to Buy and Shared Equity products will see hikes of 15 basis points on two-year fixed rate deals, while rates on five-year fixed rates will edge up one basis point for on 70 per cent and 75 per cent loan-to-value deals.

Residential two-year fixed rates will be increased by between 1 and 15 basis points, while five-year deals at 60 per cent and 95 per cent loan-to-value will increase by one basis point.

NatWest will also raise rates on a number of deals within its semi-exclusive residential and buy-to-let ranges by up to 11 basis points.

A spokesman said: "Having reviewed our portfolio we have made some adjustments to rates to reflect the current market conditions and balance our mix of business."