NatWest has become the latest lender to increase its Standard Variable Rates (SVRs) as the market continues to reprice.
From today (18th July) NatWest’s SVRs for residential and buy-to-let mortgages will be changing in response to the increase in the Bank of England’s Base Rate.
As such the SVR for all new residential and buy-to-let mortgage deals will be 4.74%
Customers who have currently applied for, or are on a fixed rate deal, will move on to the new SVR at the end of their current product term.
The next decision on Base Rate will be announced on Thursday 4th August by the Bank of England.
