We are updating our product range. This change to our portfolio continues to demonstrate our desire to provide a full range of products to meet our customers' needs.
Below are details of the changes:
Core Range - Changes apply to purchase and remortgage products if not stated
Rates Decreasing
- 90% 2 Yr Fixed, £995 fee, Rate Decreasing to 2.50% from 2.91%
- 90% 2 Yr Fixed, £0 fee, Rate Decreasing to 2.98% from 3.45%
- 90% 3 Yr Fixed, £0 fee, Rate Decreasing to 3.58% from 3.78%
- 90% 3 Yr Fixed, £995 fee, Rate Decreasing to 3.11% from 3.31%
- 90% 5 Yr Fixed, £995 fee, Rate Decreasing to 3.43% from 3.63%
- 90% 5 Yr Fixed, £0 fee, Rate Decreasing to 3.89% from 4.13%
Rates Increasing
- 60% 3 Yr Fixed, £0 fee, Rate Increasing to 2.56% from 2.52%
First Time Buyer –
Rates Decreasing
- 90% 2 Yr Fixed, £0 fee, Rate Decreasing to 2.94% from 3.39% FTB Exclusive Purchase
- 90% 5 Yr Fixed, £0 fee, Rate Decreasing to 3.60% from 4.09% FTB Exclusive Purchase
Help to Buy: mortgage guarantee -
Rates Decreasing
- 95% 2 Yr Fixed, £0 fee, Rate Decreasing to 3.79% from 4.24% Purchase
- 95% 5 Yr Fixed, £0 fee, Rate Decreasing to 4.61% from 4.89% Purchase
BTL Range - Changes apply to purchase and remortgage products if not stated
Rates Decreasing
- 60% 2 Yr Fixed, £1,995 fee, Rate Decreasing to 2.18% from 2.22% BTL
- 70% 2 Yr Fixed, £1,995 fee, Rate Decreasing to 2.54% from 2.57% BTL
- 70% 5 Yr Fixed, £1,995 fee, Rate Decreasing to 3.79% from 3.82% BTL
Exclusive - Changes apply to purchase and remortgage products if not stated
New Products
- 90% 2 Yr Fixed, £995 fee 2.31% rate
- 90% 2 Yr Fixed, £0 fee 2.79% rate
- 90% 5 Yr Fixed, £0 fee 3.69% rate
- 90% 5 Yr Fixed, £995 fee 3.29% rate
Withdrawn
- 90% 2 Yr Fixed, £0 fee 3.25% rate
- 90% 2 Yr Fixed, £995 fee 2.71% rate
- 90% 5 Yr Fixed, £995 fee 3.43% rate
- 90% 5 Yr Fixed, £0 fee 3.93% rate
BTL Exclusive - Changes apply to purchase and remortgage products if not stated
New Products
- 60% 2 Yr Tracker, £0 fee 2.84% rate BTL
Withdrawn
- 60% 2 Yr Tracker, £0 fee 2.78% rate BTL
First Time Buyer Exclusive -
New Products
- 90% 2 Yr Fixed, £0 fee 2.74% rate FTB Exclusive
- 90% 5 Yr Fixed, £0 fee 3.40% rate FTB Exclusive
Withdrawn
- 90% 2 Yr Fixed, £0 fee 3.19% rate FTB Exclusive
- 90% 5 Yr Fixed, £0 fee 3.89% rate FTB Exclusive
End Dates
2 YrTerm End Dates Moving from 31/03/2018 to 30/06/2018
3 YrTerm End Dates Moving from 31/03/2019 to 30/06/2019
5 YrTerm End Dates Moving from 31/03/2021 to 30/06/2021
Transitional Arrangements
You’ll be able to produce KFIs and submit applications online for existing deals up to 10:30pm on 28th January.
The supporting documentation for online applications on these products must be received in our Mortgage Centre in Birmingham by close of business on11th February.
The full product fee is payable on application and is non refundable once we have produced the full mortgage offer. If selecting an alternative product from our range, the new product fee will be applicable as usual.
Missing Information Process
Cases received before 29th January with missing information will be indentified by the Broker Support Team, who will contact the broker to obtain this. If the missing information cannot be completed on the same day, the case will not qualify for the expired deal.
If you are unable to submit a case online due to being more than two applicants, guarantor, ex pat or there is a technical issue that cannot be resolved over the phone then you must submit a paper based application. These will only be accepted for the previous reasons and you must e-mail your Broker Development Manager (BDM) by midday on 29th January. Requests received after this time will not be considered.
Your email must include in bullet point:
Your details (name, company and postcode)
Client name
Product to choose
Amount looking to borrow
Reason for paper application - (If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided).
Were you trying to submit via NW Intermediary Solutions Website or Mortgage Trading Exchange?
Paper applications must be signed by all applicants and the original received at the following address by close of business 2nd February for your rate to be honoured:
NatWest Intermediary Solutions
Broker Support Team
1st Floor
6 Brindley Place
Birmingham
B1 2 UU
Any cases that are submitted with missing information will not be upheld.
Any cases submitted must have all supporting documentation by 11th February
This information should be faxed TOGETHER to Natwest on 0845 878 9498 quoting the mortgage account number and ensuring correct certification on every page.
If you have any questions around criteria or packaging please contact ourLiveTALK team who will happily give you some guidance or if you have a complicated or a high value case you wish to discuss please give me a call.