Good news for homebuyers and those looking to remortgage – NatWest has announced cuts to a range of mortgage rates, with some deals falling by up to 0.41%!

From the 25th of October, NatWest are offering lower rates on the following products:

Here’s a breakdown of the changes:

New Purchases:

• Standard purchases, high-value purchases, shared equity purchases, and green purchases: Rates cut by up to 0.41% on certain two and five-year fixed-rate deals. That means if you were looking at a £200,000 mortgage over 25 years, a 0.41% drop could save you thousands of pounds in interest!
• Green Buy-to-Let Purchases: Rates are down by 0.10% on two and five-year fixed-rate deals.

Remortgages:

• Standard Remortgages: Enjoy rate reductions of up to 0.20% on selected two and five-year fixed-rate mortgages.
• Green Buy-to-Let Remortgages: Rates have been trimmed by 0.10% for two and five-year fixed-rate deals.

What do the experts say?

Aaron Strutt, an expert from Trinity Financial, said: “Just when it looked like mortgage rates were going to keep climbing, NatWest has thrown borrowers a lifeline. This is especially welcome news with all the uncertainty surrounding the next budget.”

What does this mean for you?

This could be a great opportunity to secure a more competitive deal, particularly with concerns about further interest rate rises.

Whether you’re buying a new home or looking to remortgage, it’s definitely worth contacting NatWest or speaking to a mortgage broker to see how these changes could benefit you.