NatWest makes change to accounts in move that 'could trigger domino effect'

Dariusz Karpowicz, Director at Albion Financial Advice commented: "NatWest breaks the ice with a refreshing rate cut. As the first major high street bank to trim their mortgage rates by up to 0.36%, this could trigger a domino effect across the lending landscape. With swap rates heading south and the recent base rate reduction, this move by NatWest couldn't be more timely for homeowners, particularly those eyeing a remortgage. While the purchase market might take a breather due to upcoming stamp duty changes, these rate improvements could provide a welcome boost to household budgets in a sluggish economy. Keep your eyes peeled, as other lenders are likely to follow suit."