NatWest has made rate cuts on new business, existing customer and additional borrowing product ranges.

As part of the cuts, NatWest has lowered the rates on purchase two-year fixed by up to 20 basis points. These include rates at 80% loan-to-value (LTV) and a product fee of £995 and £1,495, which have been trimmed to 3.96% and 3.91% respectively.

The 60% LTV two-year fix purchase with a fee of £995 has been cut from 3.75% to 3.67% while the equivalent product with a fee of £1,495 has gone down by 8bps to 3.62%.

Remortgage rates have also been reduced. The two-year fixed rate remortgage with a fee of £995 at 60% LTV has been cut by 10bps to 3.73% and the 60% LTV with a fee of £1,495 has been lowered to 3.68%.

NatWest has also cut buy-to-let (BTL) prices. The two-year fixed purchase at 75% LTV with a fee of £995 has been cut by 10bps to 4.01% and the 75% LTV with a fee of £3,499 has been reduced from 3.58% to 3.48%.

Meanwhile, BTL five-year fixed remortgage prices have also decreased. The 75% LTV with a fee of £4,999 has been lowered from 3.99% to 3.89% and the 75% LTV with a fee of £5,999 has gone down by 10bps to 3.79%.

NatWest has also lowered shared equity, first-time buyer, green and standalone additional borrowing product rates.

Elsewhere, Gatehouse Bank has reduced rental rates across selected two-year fixed term buy-to-let (BTL) products for UK expats and international residents.

The changes apply on two-year fixed term products at 80% finance-to-value (FTV) and on 75% FTV products for customers seeking finance for houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).

Rental rates on two-year BTL products now start at 4.15% for UK expats and 4.16% for international residents.

Gatehouse Bank accepts applications from individuals as well as UK-registered SPV Limited Companies.

UK expats and international residents acquiring a home or investment property in England or Wales are now able to apply for a UK payment account with Algbra as part of the home finance process with Gatehouse Bank.

Gatehouse Bank head of customer propositions Gemma Donnelly says: “We know how important it is for landlords to find the home finance product that best suits their needs and at the best price.”

“Today’s changes reflect our commitment to remaining competitive within the market while upholding a high level of service to those looking to invest in the highly popular UK property market.”