A NatWest Intermediary Solutions spokesperson said: “Having reviewed our portfolio we have made some adjustments to rates to reflect the current market conditions and balance our mix of business.”
Adviser view:
Ray Boulger, senior technical manager at John Charcoal, said: “From its comments it would appear the lender is getting a disproportionate amount of business on the five-year fixes, which is where they are really competitive. Increasing the rates will still make them competitive but no longer market leading."
Fees/charges:
Not applicable
Verdict:
NatWest's plans suggest it wants to rebalance its portfolio so that it gets a balanced mix of business. But it could get increasingly difficult for lenders to remain competitive at a time when business rates are set to rise.
