Mortgage Strategy - NatWest cuts mortgage rates by up to 37bps
Tags: Mortgage Strategy, Press Commentary
NatWest is lowering rates by up to 37 basis points tomorrow across both residential and buy-to-let.
The lender is cutting prices across its new business, existing customers and additional borrowing products.
Trinity Financial product and communications director Aaron Strutt says: “NatWest is lowering its tracker margins as well as its fixes, which is nice to see because some other lenders have raised their trackers just as they have become more popular.
“NatWest is reducing its two-year fix from 4.75% to 4.65%, undercutting Nationwide’s current best-buy deal of 4.66%.
“The mortgage market is still in a difficult situation, given the latest news from the Middle East.
“Hopefully we will get more price reductions over the coming days, and no doubt Nationwide will be keen to undercut NatWest again pretty soon.”
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The information contained within was correct at the time of publication but is subject to change.
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