NatWest has made rate reductions across its product ranges for both new and existing customers.
The changes are within the lender’s remortgage range, as well as reductions to its first-time buyer and green mortgage products.
For new business and within its remortgage range, the lender has made rate reductions of up to 14bps and 11bps on selected 2 and 5-year deals, respectively, and for purchase products, of up to 21bps and 12bps on 2 and 5-year deals, respectively.
For first-time buyers, NatWest has made cut rates by up to 20bps and 8bps on 2 and 5-year deals respectively.
Within the lender’s Mortgage Guarantee Scheme, it has cut rates by 17bps on 2-year deals and 11bps on 5-year deals.
Rates on NatWest’s Green Mortgage have been cut by up to 21bps and 12bps on 2 and 5-year deals respectively.
The lender has also reduced remortgage rates by up to 13bps and 8bps on 2 and 5-year deals, with various cashback changes, including an increase to £250 on a 70% loan-to-value (LTV) 5-year deal.
It has also made reductions of up to 21bps and 8bps on 2 and 5-year purchase deals, with cashback decreasing from £250 to £0.
It has increased cashback to £250 on its 60% LTV 2-year deal.
For tracker remortgages, it has made reductions of 5bps on selected 2-year deals, with cashback increasing to £250.
For withdrawals, the lender has pulled a 60% LTV remortgage tracker deal, four high value remortgage offerings and a tracker purchase product.
Meanwhile, for existing customers, the lender has reduced rates by up to 10bps and 9bps on selected 2 and 5-year switcher deals respectively, and by 7bps and 9bps on selected 2 and 5-year high value switcher deals.