NatWest has announced cuts to selected new business fixed rate offers on its purchase and remortgage ranges, while Barclays and HSBC will also launch new deals tomorrow.
NATWEST
The high street bank is set to cut rates by up to 19 basis points, which includes:
Two-year fixed rate purchase
60% loan to value, down by 19bps to 4.40%, with no product fee
Two-year fixed rate remortgage
80% LTV, down by 19bps to 4.85%, with a £1,495 product fee and £250 cashback
First Time Buyer — two-year fixed rate purchase
85% LTV, down by 13bps to 4.92%, with no product fee and £250 cashback
Help to Buy: shared equity — two-year fixed rate remortgage
75% LTV, down by 17bps to 4.95%, with no product fee and £500 cashback
NatWest says two-year term end dates move from 30 November 2026 to 31 December 2026
Five-year term end dates move from 30 November 2029 to 31 December 2029
BARCLAYS
Barclays will be cutting rates by up to 20 basis points, with some of the most notable reductions including:
For purchase, two-year fixed at 85% LTV with no fee reduced by 20bps from 4.95% to 4.75%
For remortgage and for product transfer, five-year fixed at 75% LTV £999 product fee will decrease 13 bps from 4.2% to 4.07%.
For purchase, five-year fixed at 85% LTV with no fee reduced by 10bps from 4.55% to 4.45%
A host of other rates are being cut by lesser amounts.
The following Barclays purchase products are being relaunched:
Two-year fixed rate at 85% LTV with £899 fee at 4.55%
Five-year fixed rate at 75% LTV with no fee at 4.05%
Five-year fixed rate at 85% LTV with £899 fee at 4.17%
HSBC
HSBC is yet to announce their rate reductions (as is the norm), although it will cover residential and buy-to-let deals, including product transfer, remortgage and first-time buyer products.
