The changes come into force from tomorrow.
On the new business side, rate reductions of up to 0.15 per cent and 0.12 per cent for two and five-year fixed rate purchase deals will be applied.
This includes its fee-free two-year fixed rate at 60 per cent loan to value (LTV) falling from 5.08 per cent to 4.93 per cent.
Its fee-free five-year fixed rate purchase product at 85 per cent LTV will fall from 4.8 per cent to 4.68 per cent.
Two and five-year remortgage deals will be cut by up to 0.24 per cent and 0.21 per cent respectively. This includes its two-year fixed rate at 75 per cent LTV with £995 going from 4.88 per cent to 4.64 per cent.
First-time buyers
First-time buyer product pricing will fall by up to 0.1 per cent for two-year deals and 0.12 per cent for five-year deals.
An example is its fee-free two-year fixed rate at 85 per cent LTV decreasing 0.1per cent to 5.23 per cent. It also comes with £250 cashback.
Shared equity and Help to Buy
On the shared equity side, there are rate reductions of up to 0.15 per cent and 0.12 per cent on selected two and five-year deals.
Natwest’s two-year fixed rate at 60 per cent LTV with no fee has fallen from 5.23 per cent to 5.08 per cent.
Help to Buy purchase and remortgage deals have had their rates cut, with reductions of up to 0.24 per cent applying.
Its two-year fixed rate at 75 per cent LTV has decreased from 5.03 per cent to 4.79 per cent. It come with a £995 product fee and £500 cashback.
Buy to let
Buy-to-let purchase product pricing has gone down by around 0.12 per cent. For instance, its five-year fixed purchase deal at 75 per cent LTV with a product fee of £1,495 fee has decreased from 5.22 per cent to 5.1 per cent.
Buy-to-let remortgage deals have also reduced by 0.12 per cent. Its deal at 75 per cent LTV with £1,495 fee has gone down by 5.22 per cent to 5.1 per cent.
Green deals
Green purchase deals have fallen by around 0.1 per cent. Its two-year fixed rate with £995 product fee at 60 per cent LTV has fallen from 4.73 per cent to 4.63 per cent.
Green remortgage rates have been cut by as much as 0.24 per cent. Its two-year fixed deal at 75 per cent LTV is now priced at 4.59 per cent. It has a product fee of £9,995 and £250 cashback.
In its existing customer range, switcher deals have been reduced by around 0.16 per cent. This includes a two-year fixed rate at 75 per cent LTV down from 4.8 per cent to 4.64 per cent with a £995 product fee.
High value switcher deals have also fallen by as much as 0.16 per cent. Its two-year fixed rate has gone from 4.72 per cent to 4.56 per cent and has a product fee at £1,495 fee.
