NatWest, Royal Bank of Scotland and Ulster Bank NI Pass Base Rate Cut to Standard Variable Rate Customers in Full

NatWest, Royal Bank of Scotland and Ulster Bank NI have announced their Standard Variable Rate (SVR) for mortgages will be reducing by 0.25% in line with the Bank of England base rate reduction, bringing the rate for customers from 4.00% down to 3.75%.

“We’re passing on the base rate cut in full to our valued mortgage customers on our standard variable rate. We have been the fastest growing large UK bank with net lending growth of over £20bn in the first half of the year – higher than any other bank. We’re open for business and ready to lend responsibly to homebuyers up and down the country”.