Good news for homebuyers and those looking to remortgage – NatWest and TSB are slashing mortgage rates tomorrow!

Natwest Slashes Rates By Up to 23 Basis Points

NatWest is cutting rates on a wide range of deals. The biggest winners are those looking for two and five-year fixed-rate deals for purchases, with rates dropping by up to 23 basis points. This means if you’re buying a home, you could save a significant amount on your monthly mortgage payments.

Here’s a breakdown of the NatWest rate cuts:

Purchases:

• Selected two and five-year deals: Up to 23 basis points

Remortgages:

• Two and five-year deals: Up to 18 basis points

High Value Deals:

• Purchases and remortgages: Up to 18 basis points

First-Time Buyers:

• Selected two and five-year deals: Up to 14 basis points

Shared Equity:

• Purchases: Up to 23 basis points
• Remortgages: Up to 12 basis points

Buy-to-Let:

• Some five-year fixed remortgages: Up to 16 basis points

Green Deals:

• Purchases and remortgages: Up to 15 basis points

TSB Joins The Rate Reduction Party

TSB is also getting in on the act, cutting rates on selected residential mortgages by up to 15 basis points. This comes after the bank announced reductions to other rates earlier this week.

Here’s a summary of the TSB rate cuts:

• First-time buyer and home mover two-year and five-year fixes: Up to 10 basis points
• Two-year fixed-rate remortgages: Up to 15 basis points
• Two-year fixed product transfer at 90% LTV: Up to 10 basis points
• Two-year fixed additional borrowing at 80% LTV: Up to 10 basis points

What This Means For You

These rate cuts could be great news if you’re looking to buy a home or remortgage. With interest rates generally rising, any savings are welcome. It’s worth shopping around to see what deals you qualify for.