NatWest is the latest major lender to raise rates this week, with prices on some deals set to increase by up to 20 basis points tomorrow.

Yesterday, most of Britain’s largest mortgage names announced rate hikes in quick succession, including Halifax, TSB, Barclays, HSBC, Skipton Building Society and later in the day, Santander.

At NatWest, rates are rising for both residential and buy-to-let customers including on deals for new borrowers as well as product transfers.

The biggest increases are on five-year fixed rates, including a residential purchase deal at 75% LTV with no fee, which will rise by 20bps, from 4.74% to 4.94%.

Another five-year fix for residential purchase at 80% LTV with no fee will climb by 20bps, from 4.77% to 4.97%.

The 95% LTV version of the same product will jump by 20bps, from 5.29% to 5.49%, also with no fee.

Several other five-year fixes will rise by the same amount.

There are widespread increases across the lender’s product range, with scores of deals going up by anything between 1bp and 19bps.

Shawbrook bucked the trend with some price reductions today, but other buy-to-let lenders, including Keystone ,raised rates.