NatWest has become the latest lender to reprice its residential mortgage rates upward, following similar moves from TSB and Accord earlier today.
For purchase, the lender increased rates by 0.5% and 0.11% on 90% loan-to-value (LTV) 2-year and 5-year deals.
For remortgage, selected 2-year and 5-year deals were increased by 0.10%.
Help to Buy shared equity remortgage rates increased by 0.10% on selected 2-year and 5-year deals.
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For green remortgage deals, NatWest increased 2-year and 5-year rates by 0.5% and 0.10%.
Existing customers have seen switcher rates increase on selected 2-year and 5-year deals by 0.5% and 0.15%.
The changes come into effect tomorrow (9th February), and brokers will be able submit applications for existing deals up to 10:30pm tonight, Thursday 8th February.
Nicholas Mendes, mortgage technical manager at John Charcol, said: “NatWest are the latest lender to reprice upwards following similar moves from TSB and Accord today.
“Market Swap movement continues to increase each day and it won’t be long before those remaining sub 4% deals are no longer available.
“Any rate war has certainly felt likes it cooled off, but this is only temporarily.
“We have a couple of key announcements over the next few weeks, which should hopefully improve market.”