NatWest has cut rates by up to 50 basis points as it introduces changes across a comprehensive range of products. It has also launched new loans.

Highlights of the rate cuts by the high street bank include:

A five-year remortgage 90% LTV fix is down from 3.12% to 2.62%, with no product fee. A cut of 50bps.

A two-year house purchase 85% loan-to-value fix reduced from 1.58% to 1.48%, with a product £995 fee.

A two-year remortgage 85% LTV fix falls from 2.13% to 1.95%, with no product and cashback of £250.

A five-year house purchase 90% LTV fix is cut from 2.46% to 2.31%, with a £995 product fee.

A two-year house purchase 90% LTV fix falls from 2.08% to 1.90%, with no product fee, but cashback falls from £250 to zero.

A two-year remortgage 80% LTV fix is down from 1.99% to 1.87%, with no product fee, as cashback rises from £200 to £250.

A first-time buyer five-year house purchase 90% LTV fix, is cut from 2.45% to 2.35%, with a £995 product fee, as cashback rises from £350 to £750.

A Help to Buy shared equity mortgage five-year house purchase 75% LTV fix, falls from 2.38% to 1.88%, with no product fee.

A two-year green mortgage house purchase 85% LTV fix falls from 1.56% to 1.46%, with a £995 product fee and £250 cashback.

A five-year green mortgage remortgage 85% LTV fix is down from 2.10% to 1.95%, with a £995 product fee and £350 cashback.

Highlights of its rate rises include:

A buy-to-let two-year remortgage 70% LTV fix rises from 1.54% to 1.59%, with a £995 product fee.

A five-year BTL purchase 75% LTV fix lifts from 2.13% to 2.18%, with no product fee.

Changes for existing customers include:

A two-year house purchase switcher 90% LTV fix falls from 2.60% to 2.40%, with no product fee.

A five-year house purchase switcher 90% LTV fix is down from 3.47% to 3.12%, with no product fee.

A five-year BTL switcher 75% LTV fix is cut from 2.10% to 1.89%, with a £995 product fee.

Its new products are:

A two-year house purchase 85% LTV fix, at 1.99%, with no product fee and £750 cashback.

A two-year house purchase 90% LTV fix, at 2.22%, with no product fee and £750 cashback.

A five-year house purchase 85% LTV fix, at 2.25%, with no product fee and £750 cashback.

A five-year house purchase 90% LTV fix, at 2.59%, with no product fee and £750 cashback.

The bank has also withdrawn its 80% LTV fix, at 1.73%, with a £995 product fee and £350 cashback.

The lender says brokers will be able to produce mortgage illustrations and submit applications online for existing deals up to 10.30pm on Thursday 6 January. There are no changes to end dates.

It adds that if brokers are unable to submit an application online due to a technical issue that cannot be resolved over the phone, then they must submit a paper-based application.

In this instance, brokers must email their business development managers by midday on Friday 7 January 2022. Requests received after this time will not be considered.