Natwest cuts existing customer rates

Natwest has lowered select existing customer rates by up to 0.13% across fee and fee-free products.

The changes have been made to the lender’s five-year fixed rate switch products between 60% loan to value (LTV) and 90% LTV.

At 60% LTV with a £995 fee, the rate has fallen from 4.53% to 4.48%, and with a £495 fee, the price has decreased from 4.64% to 4.51%. Its fee-free version has gone down from 4.79% to 4.66%.

Within the 75% LTV tie, its fee-free option has been cut by 0.1% to 4.84%, while its £995 fee option has gone down from 4.74% to 4.66%.

Going up to 80% LTV, the £995 fee deal has gone from 5.14% to 5.13%, while its fee-free version has fallen from 5.34% to 5.31%.

At 85% LTV, the £995 fee version has decreased from 5.19% to 5.15%, and its no-fee version has decreased from 5.39% to 5.33%.

Within 90% LTV, its £995 fee has been cut from 5.34% to 5.33%.

Earlier this month, Natwest upped new business rates.

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.