NatWest announces a range-wide mortgage rate hike.
NatWest is to increase its mortgage rates from 07 June across all loan to value levels. The lender's rate rise will affect 29 of its residential products and increases are expected up to 0.3%.
While all LTV levels are affected, the largest increase is to its 2 year fix for up to 95% LTV which has been hiked by 0.3% from 5.39% to 5.69%.
A spokesperson for the lender commented on the decision saying NatWest had introduced changes to reflect UK market conditions.
NatWest while increasing rates on certain products has reduced rates on two if its 75% LTV deals.
For those with a 25% deposit looking for a 2 year fix the lender offers a rate of 2.55% which is a 0.14% reduction. For those interested in longer term security a 5 year fix for 75% LTV is available at 3.65% which is a 0.1% reduction.
To review all mortgage offers UK wide call and speak to an adviser at Deal Direct.
Contact us today for impartial advice and a low rate quote.
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