The new mortgages include a two-year fixed rate at 6.19% available up to 90% loan-to-value (LTV) with a £999 fee, and a five-year fixed rate at 4.49% available up to 60% LTV.

Mark Bullard, head of sales at NatWest Intermediary Solutions, said: “The two new purchase mortgages will give intermediaries more choice at the different ends of the LTV spectrum.”

The lender has also cut the rates on some if its purchase mortgage and remortgage products.

The two-year fixed rate purchase mortgage and remortgage rate has been cut from 5.29% to 4.49% for loans to 80% LTV. The same product to 75% LTV will decrease from 3.64% to 3.54%.