NatWest Intermediary Solutions is focusing most of its rate cutting on its buy-to-let mortgage range reducing product pricing by up to 55 basis points from 9 April.

Highlights from the buy-to-let rate cuts include a two-year fixed rate reduced from 3.25% to 3.04% up to 75% loan-to-value (LTV) with no product fee, and a fee-free 75% LTV five-year fix with a rate of 4.13% down from 4.13%.

Both reduced rates are available for purchase and remortgage borrowers.

Rates have been reduced on selected 60% and 75% LTV two-year tracker buy-to-let deals.

Coventry will follow suit tomorrow with rate cuts to selected two, three and five-year residential fixed rates, all available up to 65% LTV.

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These include a 1.99% fixed for two years, 2.29% fixed for three years and 2.65% fixed for five years. All products are free of arrangement fees.