The changes apply from 8 November with reductions as large as 0.57 per cent being made to remortgage deals for new borrowers at 60 per cent loan to value (LTV).
This includes a Help to Buy shared equity remortgage product which has gone down from 6.2 per cent to 5.63 per cent. This is fixed for two years, has no product fee and offers £500 cashback.
Other products to receive a similar cut include a two-year fixed remortgage at the same LTV band with no fee, now priced at 5.48 per cent. Its counterpart, which offers £250 cashback, has been reduced by the same amount to an equivalent rate.
Natwest’s five-year fixed rates will drop to 4.74 per cent, following a 0.15 per cent reduction to its purchase deal at 60 per cent LTV with a £1,495 fee.
The corresponding mortgage with a £995 fee has been reduced by 0.15 per cent to 4.79 per cent, while the fee-free product is 0.2 per cent lower and will come to 4.94 per cent.
The lender has also reduced pricing on buy-to-let mortgages such as the two-year fixed purchase deal at 60 per cent LTV, which has been cut from 6.35 per cent to 6.04 per cent. This has no fee.
The alternative at 75 per cent LTV has been lowered from 6.49 per cent to 6.14 per cent.
Reductions have also been made to five-year fixes and remortgages for buy-to-let borrowers.
Switcher rates have fallen by up to 0.25 per cent while green mortgage rates for residential and buy-to-let borrowers are up to 0.43 per cent lower.
