High street lender NatWest will change new business rates, including residential, first-time buyer and green mortgage deals, by up to 0.16%.
The changes to NatWest’s new business rates will come into force from 22 August.
Within its new business core residential range, select rates will change by up to 0.16%. This includes its five-year fixed remortgage rate at 60% LTV with no fee, which will fall from 4.31% to 4.15%. Its five-year fixed purchase rate at 90% loan to value (LTV) with a £995 fee will increase from 4.68% to 4.83%.
In its new business first-time buyer range, pricing will go up by around 0.15%. For instance, a five-year fixed purchase rate at 90% LTV will rise from 4.68% to 4.83%. The deal has a £995 fee and £250 cashback.
On the new business Help to Buy side, rates will fall by around 0.16%. Its five-year fixed rate remortgage deal at 60% LTV with no fee and £500 cashback will fall from 4.46% to 4.3%.
Green mortgage deals will go down by around 0.1%, including its five-year fixed rate remortgage at 60% LTV with a £995 fee and £250 cashback, which will go down from 4.1% to 4%.
The changes come off the back of NatWest making changes to its existing customer range on 20 August.
HSBC lowers rates with sub-4% deals available
HSBC has lowered select rates, including residential, first-time buyer, homemover, remortgage, buy to let (BTL) and international residential and BTL deals.
Residential existing customer switching and existing customer borrowing more from 60% to 95% LTV will reduce, and prices start from 3.84%.
For first-time buyer products, including energy-efficient deals, two-, three- and five-year deals from 60% to 95% LTV will decrease and begin from 4.14%.
Residential homemover deals, including two-, three- and five-year deals with no fee and standard products, from 60% to 90% begin from 4.14%. Similar changes have been made to equivalent energy-efficient deals.
Two-, three- and five-year residential remortgage deals with no fees and standard fees from 60% to 90% LTV will fall, and pricing starts from 4.14%.
For residential remortgage energy-efficient two- and five-year products from 60% to 90% LTV, rates start from 4.14%.
Residential remortgage cashback two- and five-year deals from 60% to 90% LTV will go down, and rates start from 4.29%.
For BTL existing customer switching and BTL existing customer borrowing more, two- and five-year fixed rate fee-free and standard deals from 60% to 75% LTV will reduce. Pricing starts from 4.49% in both ranges.
BTL purchase and remortgage two- and five-year deals with no fee, a £1,999 fee and a £3,999 fee from 60% to 75% LTV will fall. Purchase rates begin from 3.99%, while remortgage deals start from 3.94%.
Within its international residential range, two-, three- and five-year fixed standard and fee-saver deals between 60% and 75% LTV will decrease. Rates start from 4.64%.
On the international BTL side, two- and five-year fixed fee-saver and standard deals from 60% and 75% LTV will go down. Pricing begins from 4.94%.
HSBC lowered residential and BTL rates last week, with sub-4% deals available.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
