NatWest cuts new and existing borrower rates by up to 0.79%

NatWest has announced a fresh round of rate reductions across its new business and existing customer mortgage products, available from tomorrow.

New purchase products have reduced by up to 40bps across two and five-year deals, while remortgage rates are decreasing by up to 69bps.

First-time buyers will benefit from cuts of up to 0.40%, with shared equity products lowering by up to 0.18% and Help to Buy shared equity deals down by up to 0.69%.

In NatWest's buy-to-let range, purchase rates are reducing by up to 48bps and remortgage rates by up to 40bps.

Green residential rates are reducing by up to 36bps for purchase and 69bps for remortgage, while buy-to-let green rates will benefit from reductions of up to 48bps.

For existing customers, switcher rates are reducing by up to 25ps and 79bps on selected two and five-year deals, while buy-to-let switcher rates are decreasing by up to 45bps.