NatWest will reduce rates on new business, existing customer and additional borrowing product ranges, effective 22 January.
Purchase deals will be lowered by as much as 11 basis points, these include 60% LTV fixed rates, which will go down from 3.62% to 3.56% with a fee of £995 and 60% LTV fixed rates, which will be cut from 3.57% to 3.51% with a fee of £1,495.
The five-year fixed rate purchase at 60% LTV will be reduced from 3.79% to 3.75% with a fee of £995.
In addition, two-year fixed rates at 80% loan-to-value (LTV) will be lowered by 11 basis points from 4.18% to 4.07% with no fee and at 60% LTV products will be reduced by 10bps from 3.97% to 3.87% also with no fee.
The lender’s first-time buyer two-year fixed purchase rates at 90% LTV will be trimmed by 10bps from 4.35% to 4.25% with no fee and £250 cashback, while five-year fixed purchase deals will go down by 9bps to 4.02% with a fee of £995 and cashback of £250.
Shared equity rates will also be reduced by up to 11bps. These include the two-year fixed purchase at 75% LTV which will be cut from 4.29% to 4.18%.
NatWest‘s green two- and five-year fixes will be lowered. The five-year fixed rate at 85% LTV will go down to 3.97% from 4.06% with a fee of £995.
Green buy-to-let (BTL) will be reduced by as much as 8bps across two- and five-year fixed purchase and remortgage rates.
Finally, the lender’s BTL five-year fixed rate remortgage products will be cut including the 60% LTV with no fee will decrease from 4.18% to 4.08%.
The two-year fixed remortgage rates will also go down with 75% LTVs with a fee of £3,499 going down by 11bps from 3.60% to 3.49%.
Elsewhere, Newcastle for Intermediaries has reduced rates by up to 0.36% across selected products.
Product rates have been cut across two-, five- and six-year products up to and including 90% LTV.
Newcastle for Intermediaries offers fee-assisted and cashback options on selected 90% and 95% LTV products as well as free legal fees on selected products at 80% LTV or below.
Reductions apply across its mortgage range, including standard residential, shared ownership, interest only, first homes, JMSP, enhanced+, affordability boost and new build (95% LTV).
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