The lender’s rate increases include two-year fixed rate purchase products where the 60% LTV product with a fee of £995 has lifted by 11 basis points to 3.75% and the 60% LTV product with a fee of £1,495 has risen by 11bps to 3.70%.

Five-year fixed rate purchase products have also gone up. The 80% LTV product with a fee of £995 has risen by 24bps to 4.20% while the same product with a higher fee of £1,495 has lifted by 24bps to 4.15%.

NatWest has also put prices up on remortgage products. The two-year fixed rate at 75% LTV with a fee of £995 has increased by 18bps to 4.04% and the 75% with a fee of £1,495 has lifted by 18bps to 3.99%.

In addition, five-year fixed rate remortgage products at 75% LTV with a fee of £995 and £1,495 have both gone up by 12bps.

Rates have also increased on first-time buyer two- and five-year fixed rate purchase products by as much as 14bps and 18bps respectively.

Shared equity two- and five-year fixed rate purchase products have also been lifted by up to 11bps and 12bps respectively.

Green purchase rates have risen by as much as 12bps, while Green remortgage prices have gone up by up to 18bps.

The lender’s buy-to-let (BTL) products have lifted, including the two-year at 75% LTV with no fee, which has risen from 4.39% to 4.49% and the five-year at 60% LTV with no fee, which has increased from 4.25% to 4.35%.

Meanwhile, BTL remortgage products such as the two-year at 65% LTV with a fee of £1,499, which has been lifted from 3.88% to 3.98% and the five-year at 75% LTV with a fee of £995 will rise from 4.29% to 4.39%.

NatWest has also hiked rates on its standalone additional borrowing products with two-year fixes increasing by as much as 9bps and five-year fixes going up by as much as 3bps.

Elsewhere, Metro Bank has reduced rates by up to 40bps across its residential and BTL product range, including its Near Prime and Large Loan residential range.

For existing and new customers moving home, Metro Bank has lowered on all two-year products by 0.4%.

For existing and new customers requiring a large loan (over £1mn), the lender has made cuts of 0.4% on two-year products, with an LTV of 85% or less.

Within Metro Bank’s near prime range, rates have been reduced by up to 0.3% for new and existing customers.

Meanwhile, for existing or new personal and Limited Company borrowers, it has repriced its core BTL range by up to 0.4%.

Metro Bank director of mortgage distribution Charles Morley comments: “As a specialist lender we’re constantly assessing the competitiveness and criteria of our product range, across both our residential and buy-to-let ranges.”

“Today’s reprice is just one way we aim to meet the needs of brokers and borrowers, alongside our industry leading criteria and customer service.”