The lender has reduced rates by up to up to 0.52 per cent for new and existing residential and buy-to-let borrowers.
This includes a rate as low as 4.19 per cent, which is available to new borrowers buying a home at 60 per cent loan to value (LTV) on a five-year fixed term with a £1,495 fee. The rate for this deal was reduced by 0.28 per cent.
The corresponding option with a £995 fee was also cut by 0.28 per cent to 4.24 per cent, while the fee-free product was reduced by 0.27 per cent to 4.37 per cent.
At 75 per cent LTV, the five-year fixed purchase product for new business with a £1,495 fee has been cut from 4.57 per cent to 4.31 per cent, while the fee-free mortgage has been reduced from 4.74 per cent to 4.47 per cent.
The largest reduction of 0.52 per cent has been made to Natwest’s five-year fixed remortgages for buy-to-let borrowers at 60 per cent LTV. This applies to two separate deals including its option with no fee and £250 cashback which now has a rate of 4.78 per cent, and a fee-free option which does not offer cashback and is also priced at 4.78 per cent.
Reductions have also been made to two-year fixes for new business, first-time buyer, shared equity, remortgage and green mortgages.
For existing borrowers, Natwest has reduced switcher rates for residential and buy-to-let borrowers by as much as 0.41 per cent.
This includes a fee-free two-year fix for residential borrowers at 75 per cent LTV, which has seen the headline reduction to 4.97 per cent.
The changes are effective from 5 January.
