NatWest is set to cut its mortgage rates for existing customers, effective from tomorrow (21st November).
The changes include rate reductions across various 2-year and 5-year fixed-rate switcher products. Selected 2- and 5-year deals in NatWest’s switcher range will benefit from a rate reduction of up to 0.40% and 0.29%.
In the 2-year fixed-rate category, notable reductions include a 0.25% drop from 5.55% to 5.30% on the 60% loan-to-value (LTV) product with a £495 fee, and a 0.13% decrease from 6.10% to 5.97% on the 90% LTV option, which carries a £995 fee.
For 5-year fixed-rate switchers, the 60% LTV product will see a 0.18% reduction to 4.89%, with a £995 fee.
The 90% LTV product, also with a £995 fee, will experience a 0.18% decrease, bringing it down to 5.44%.
The end dates for these products are also being updated, with 2-year terms extending to 31st March 2026 and 5-year terms to 31st March 2029.
No changes have been announced for new business products.
