At 85 to 95 per cent LTV, two-year fixes for purchase and remortgage with a £999 fee have been reduced by up to 0.26 per cent.  

This includes the 85 per cent LTV deal which now has a rate of 2.10 per cent, down from 2.21 per cent. There is also the 90 per cent LTV product which has been cut by 26 basis points (bps) to 2.57 per cent. 

The remortgage only product with no fee at 85 per cent LTV has gone down by 18 bps to 2.46 per cent, while the 90 per cent LTV equivalent has seen an 11 bps reduction to 2.99 per cent. 

Five-year fixes for purchase and remortgage at 85 and 90 per cent LTV with a £999 fee have seen cuts of up to 0.20 per cent while fee-free remortgage products at the same tiers have been reduced by up to 0.11 per cent. 

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Santander has reduced the fees on its five-year fixed Help to Buy mortgages at 60 and 75 per cent LTV from £999 to £499. 

The 75 per cent LTV offering has also had a rate cut of 0.04 per cent to 1.69 per cent. 

 

NatWest revises range 

NatWest has reduced rates on a pair of residential mortgages and withdrawn some green products. 

The five-year fixed purchase product for new borrowers at 85 per cent LTV has been cut from 2.47 per cent to 2.34 per cent.  

The two-year fixed product at the same tier has been reduced from 2.01 per cent to 1.97 per cent. A cashback incentive of £250 has also been added to the deal. 

Both mortgages have fees of £995. 

The bank has also pulled its two and five-year fixed green mortgages at 85 per cent LTV, with a £995 fee and £250 cashback. 

Changes are effective from tomorrow.