NatWest has lowered buy-to-let (BTL) and residential mortgage rates by as much as 15 basis points (bps), effective from 8 June.
Across its residential purchase range, the two-year fix at 60% loan to value (LTV) with a £995 product fee has been cut by 6bps to 4.53% and the deal with a £1,495 fee has been reduced by the same amount to 4.48%.
At 75% LTV, the fee-free two-year fix has been cut by 4bps to 4.92%, the option with a £995 fee by 6bps to 4.65% and the product with a £1,495 fee by 6bps to 4.6%.
Rates at 80% LTV have been lowered by 4bps, with the options with a £995 fee at 4.7% and the product with a £1,495 fee at 4.65%.
Cuts of up to 10bps have also been made up to 95% LTV, including the fee-free two-year fix for a 5% deposit, now priced at 5.5%.
Smaller reductions have been made to its five-year fixed purchase rates.
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At 60% LTV, the fee-free product has fallen by 1bps to 4.84%, as have the options with a £995 and £1,495 fee, which are priced at 4.74% and 4.69% respectively.
At 75% LTV, the product with a £995 fee has been cut by 5bps to 4.75% and the option with a £1,495 fee by the same margin to 4.7%.
A reduction of 2bps has been made to its 80% LTV deal with no fee, which is now priced at 4.9%, while the deals with a £995 fee and £1,495 fee have been cut by 5bps apiece, to 4.82% and 4.77% respectively.
At 95% LTV, the fee-free five-year fixed purchase product has been cut by 10bps to 5.3%.
NatWest has also lowered remortgage rates for residential and BTL borrowers, BTL purchase, and green mortgage rates for residential and BTL.
Earlier today, it announced a £250m fund towards affordable and social housing.
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