NatWest will cut selected product rates across two and five-year terms, with reductions of up to 72 basis points for new business and 64bps for existing customers.  

Highlights of some of the changes for new business borrowers, which take effect tomorrow, 10 January, include:  

• A two-year fixed-rate purchase loan at 75% loan to value fix, reduced by 72bps to 5.13% from 5.85%, with no product fee  
• A two-year fixed-rate purchase offer at 95% LTV, down by 41bps to 5.99% from 6.40%, with no product fee and £750 cashback  
• A five-year fixed-rate purchase deal at 60% LTV, down by 70bps to 4.55% from 5.25%, with no product fee  
• A five-year fixed-rate remortgage loan at 90% LTV, cut by 74bps to 4.90% from 5.64%, with no product fee  
• A two-year fixed-rate purchase offer for first-time buyers at 85% LTV, reduced by 66bps to 5.33% from 5.99%, with no product fee and £250 cashback  
• And a two-year fixed-rate green BTL remortgage at 75% LTV, down by 47bps to 5.37% from 5.84%, with a £995 product fee  

Highlights of some of the changes for existing customers, which also take effect tomorrow, include:  

• A two-year fixed-rate switcher – high value at 60% LTV, cut by 41bps to 4.70% from 5.11%, with a £1,495 product fee  
• A five-year fixed-rate switcher at 60% LTV, reduced by 49bps to 4.39% from 4.88%, with a £995 product fee  
• A five-year fixed-rate switcher at 90% LTV, down by 64bps to 4.86% from 5.50%, with no product fee   
• And a five-year fixed-rate switcher at 75% LTV, cut by 26bps to 5.43% from 5.69%, with no product fee  

The lender also says it is making changes to its end dates.   

Two-year term end dates will move from 30 April 2025 to 31 May 2025.  

While five-year term end dates will move from 30 April 2028 to 31 May 2028.  

It adds that brokers will be able to produce mortgage illustrations and submit applications online for existing deals up to 10:30pm on 9 January.  

Brokers who are unable to submit an application online due to a technical issue that cannot be resolved over the phone, must email their business development managers by noon on 10 January. The business will not consider requests received after this time.