<p>NatWest has confirmed that, from 8th September, they're making changes to their new and existing customer product ranges. Screengrab below. Free UK news agency, Newspage, sought the views of brokers, below.<img src="https://cdn.newspage.media/production/company/10997/files/9992c73d8a7545cce8d31f75f68cb3837e6296e3f4b87dbb1e24634509e81b229bf6ab4a3be45d383fd3419354e8e62c7f471021434cdfc342c41e36c7a7e002.webp"></p>

mortgages

NatWest Rate Reductions

Just a few days since their last repricing, this is evidence that the rate chase is well underway. The high street lenders are definitely trying to lead the best buy tables and grab more market share. It will take much deeper rate reductions to make a real difference but any improvements are welcome.

Justin Moy

Independent Mortgage and Protection Brokers, based in Essex, helping clients across the UK. <br><br>Over 35 years in Financial Services, the last 17 years as a Mortgage Broker.

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More movement from NatWest, the latest in a long line of reductions, with the big players jostling for the top spot on the leaderboard. NatWest is playing catch up here with the current low loan-to-value, 2-year fixed rate leaders, Santander and Leeds Building Society. I would like to see them push harder than this, going for first place rather than merely playing catch-up.

Ranald Mitchell

Co-owner at Charwin Private Clients since 2009, offering mortgages, buy to let, secured loans, commercial finance and bridging.

Dare we say the words, 'rate war'? Another lender reducing rates, especially considering it's the second time this week for this lender, is certainly a sign that one may be on the horizon as lenders realise they are a long way short of their lending targets for the year. Expect more of the same over the next couple of weeks in light of the positive comments from Andrew Bailey yesterday.

Craig Fish

I’m driven by a passion for clear, no-nonsense advice - always delivered in plain English. That might be my northern roots showing, but I believe in cutting through the jargon and getting straight to the point, while still meeting all the necessary regulatory requirements.

If I can help you, I will. If I can’t, I’ll say so. I won’t waste your time. This honest, straight-talking approach, combined with empathy and a genuine understanding of each client’s situation is why so many people come back to me time and time again, and why they often refer me to their friends and family.

In today’s world of post-pandemic, post-credit crunch mortgage lending, it can sometimes feel like lenders are doing everything they can to avoid doing business. That’s where my determination really comes into play. If I believe in a case, I’ll go further than most to get it over the line. I don’t give up easily, and I’ll always fight for the right outcome.

What you’ll get from me is honest, impartial advice, delivered in plain English by someone who genuinely cares. You won’t get jargon, waffle, pressure to buy, or broken promises. Just straightforward support from someone who’s in your corner.

The domino effect is in full swing with lenders and their rate reductions. With swap rates continuing to fall, and some positive comments from the Governor of the Bank of England, we could see more and more lenders follow suit in the days to come. Consumers still need to be cautious about holding off too long to secure a rate as the outlook can change with a flick of a switch.

Jamie Lennox

Dimora stems from the Italian word for Home. This is exactly what we want to help you achieve in having not just a house but a place you can call your own Dimora. We are passionate about helping our customers achieve this goal, which for many may have felt like it would never be possible. We pride ourselves on being there at every step of the process. From taking the first step on the housing ladder, move onto your forever home, to building a property empire of buy to lets. Based out of Norfolk we can assist our clients all across the country. 

Another big six lender continuing the rate reductions after announcing further rate reductions, following suit from others who have also done similarly over the past week or so. Yes, it’s a relatively small reduction in rates, but a reduction nonetheless and is an indication of travel for the future. This can only be a positive and with swap rates continuing to fall, hopefully we will see more positive news like this.

NatWest Rate Reductions

5 responses from the Newspage community
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Justin Moy

Managing Director at EHF Mortgages

Ranald Mitchell

Director at bad credit mortgage specialists Charwin Mortgages

Craig Fish

Director at Lodestone Mortgages

Jamie Lennox

Director at Dimora Mortgages

Charles Breen

Founder at C B

5 responses from the Newspage communityCopy all

5 responses from the Newspage community
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