NatWest cuts residential and buy-to-let rates by up to 0.46%

NatWest has announced widespread rate cuts across its residential and buy-to-let purchase and remortgage ranges.

Available from tomorrow, the new rates include reductions of up to 0.46%.

In the bank's residential range, two-year fixed rates have reduced by up to 0.15%, with the lowest rate on offer now at 4.15% up to 60% LTV with a £1,195 fee.

Larger increases of between 10-15bps have been made to two-year fixed rates at 90% and 95% LTV, now starting from 4.98%.

Five-year purchase rates have been trimmed by up to 6bps, now starting from 4.13% at 60% LTV.

In NatWest's residential remortgage range, two-year fixes are decreasing by up to 28bps, with the lowest available rate at 4.20%. The largest cuts of 28bps are to 90% LTV rates, now starting from 5.23%.

Five-year remortgage rates are down by up to 15bps, with the larger cuts again at higher LTVs. The lowest rate on offer at 60% LTV is now 4.12%.

First-time buyer rates have also reduced by up to 15bps, with Help to Buy rates down by up to 13bps.

In NatWest's buy-to-let range, two-year fixed rate purchase rates have reduced by up to 9bps, with two-year remortgage rates seeing larger cuts of up to 0.46%. The biggest reduction is to a 75% LTV product, down from 4.46% to 4.00% with a £3,499 fee.

Five-year fixed rate purchase buy-to-let rates are decreasing by up to 18bps and remortgage rates by up to 7bps.

As part of the changes, residential green mortgage rates have fallen by up to 11bps and buy-to-let green mortgages by up to 25bps.