NatWest has introduced product related stress rates for residential and buy-to-let (BTL), and introduced a lower rate for all clients looking to take out a 5-year fixed rate mortgage.
For BTL mortgages, the lender’s updated stress rates are: 8.15% for variable rates; 8.31% for 2-year fixes; and 7.41% for 5-year fixes.
In its residential Buy to Live range, the updated stress rates are: 9.54% for variable rates and 2-year fixes, and 8.54% for 5-year fixed rates.
