The lender has also removed product fees on some of its buy-to-let mortgages.
The most significant residential rate cuts include a 0.64% drop in the rate of its two-year fixed rate 85% LTV fee-free deal to 3.75% and a 0.24% reduction in the rate of its three-year fixed rate 85% LTV deals to 3.75%.
Among the changes, it has also reduced the fee on its sub-2% two year fixed rate 60% LTV deal by £500 so that it now offers a rate of 1.94% with a £995 product fee.
There are also significant rate reductions and product fee changes on its buy-to-let deals, including a two-year fixed rate decreasing to 2.99% from 3.39%, at 60% LTV, with a £1,495 product fee.
Mark Bullard, head of sales, NatWest Intermediary Solutions said: “I am delighted that we are able to make such significant rate cuts across such a large number of our products. The changes being made provide better value to brokers’ residential clients across nearly every LTV banding.”
Earlier today, RBS/NatWest also launched Help to Buy fixed rate mortgages, alongside Halifax making them the only two lenders to sign up to the scheme on its first day.
For all today’s Help to Buy coverage, click HERE.
