NatWest moves its mortgage rates

NatWest today announced that its Standard Variable Mortgage Rate would increase by 0.30 per cent to 7.44 per cent.

The rate change is effective from 1 February 2007 for existing customers. The NatWest Offset Flexible Mortgage will also increase by 0.30 per cent to 6.20 per cent on the same date.

The change in rates follows a review after the Bank of England's Monetary Policy Committee (MPC) decision to increase rates earlier this month.

NatWest offers a wide range of competitive mortgage deals. Our policy is to offer these same deals to new and existing customers alike. For increased flexibility, NatWest mortgage customers also benefit from a switch facility, whereby any customer taking out a discount or tracker rate is able to ‘switch’ to a fixed deal at any time, should they need to, without incurring an Early Repayment Charge.