From tomorrow rates will be cut on its residential two, three and five-year fixed rate deals, two-year trackers and first-time buyer mortgages. This applies across the full spectrum of loan-to-values (LTV) from 60 to 95%.
There are rate reductions on its buy-to-let two, three and five-year fixed rate and tracker deals. The high LTV mortgages will see a number of rate cuts, with the largest reductions being made on the five-year fixed rate 85% LTV/£995 product fee deal.
The rates on the two Help to Buy 95% LTV mortgages have been reduced – the two-year fixed coming down 10bps to 5.15% and the five-year fixed decreasing 30bps to 5.39%.
Mark Bullard, head of sales, NatWest Intermediary Solutions, said:”We have refreshed our range of intermediary mortgages to offer brokers a more attractive choice.”
It is the second time in the space of two months that Natwest has cut its fixed-rate mortgages. Last month it reduced rates on over thirty of its residential and buy-to-let mortgage deals.