NatWest reintroduces sub-4% two and five-year fixed rates

NatWest has reduced rates across its residential and buy-to-let ranges by up to 0.41%, reversing the increases of 0.30% made last week.

As a result, the bank is once again offering two and five-year fixed rates below 4%.

Five-year fixed rates have reduced by 15-31bps and now start from 3.84% at 60% LTV with a £1,495 fee, 3.89% with a £995 fee, and 3.99% with no fee.

75% LTV five-year fixes have reduced to 3.89% with a £1,495 fee, 3.94% with a £995 fee, and 4.09% fee-free.

80% and 85% LTV five-year fixed rates now start from 4.19% and 90% LTV rates from 4.64%.

Two-year fixed rates have reduced by up to 0.41%, now starting from 3.99% at 60% LTV with a £1,495 fee, 4.04% with a £995 fee and 3.34% fee-free.

75% LTV rates have reduced by 41bps to 4.14% with a £1,495 fee and 4.19% with a £995 fee. 80% and 85% LTV two-year fixes now start from 4.49% and 90% LTV rates from 5.14%.

Two and five-year fixed rate remortgage products have been cut by 0.20% between 60-90% LTV.

The cheapest two-year fixed rate remortgage product now starts at 4.28% up to 60% LTV and 4.50% at 75% LTV.

Five-year remortgage products now start from 3.92% at 60% LTV and 4.09% at 75% LTV.

First-time buyer products have seen rate reductions of up to 29bps, while shared equity rates are down by up to 0.41%.

Green residential mortgage products have also decreased by up to 0.41%, with five-year purchase products starting from 3.84% and two-year products from 3.99%.

In NatWest's buy-to-let range, two and five-year fixed rate purchase and remortgage products have decreased by 10bps.

The cheapest two-year fixed rate buy-to-let rate is now 4.59% at 60% LTV with a £995 fee, with the cheapest five-year purchase product down to 4.48% and remortgage product to 4.44% at 60% LTV.