Find out what’s happening with mortgage rates today and calculate monthly repayments across a range of different rates and deals.
1 July: NatWest’s Second Round Of Reductions In Less Than Fortnight
NatWest has cut selected fixed rate mortgage deals, available direct and through brokers, by up to 0.23 percentage points, effective from tomorrow (2 July), writes Jo Thornhill.
It follows cuts of up to 0.17 percentage points to fixed rate deals by the bank less than two weeks ago.
Halifax has also announced it will cut selected fixed rate deals for first-time buyers and home movers by up to 0.19 percentage points, effective from 3 July.
Among NatWest’s newly-priced deals is a five-year fixed rate for purchase at 4.34%, or 4.77% over two years. For remortgage, five-year rates are available at 4.41%, or 4.81% over two years. These deals are all available at 60% loan to value and come with a £995 product fee.
NatWest has also cut rates on its product transfer deals (those for existing borrowers looking for a new rate). For these customers the bank…
