NatWest is cutting rates on a wide range of deals tomorrow, with the biggest reductions of up to 84 basis points reserved for existing buy-to-let borrowers switching deals.

In its core range for purchase, NatWest is cutting rates by up to 13 bps on two-year deals and by up to 12 bps on five-year deals.

For first-time buyers, selected two-year deals will be cut by 10 bps and five-year deals by up to 11 bps.

In its range of 95% LTV Mortgage Guarantee Scheme products, rates will go down by up to 13 bps on two-year deals and by 10 bps on five-year deals. 

Buy-to-let purchase deals will reduce by up to 14 bps and remortgage deals by up to 4 bps.

However, the most substantial changes are to its rate switcher deals for existing buy-to-let borrowers.

The biggest discounts are to the following BTL product transfer rates: 

• Two-year fixed rate at 60% LTV decreasing by 60 bps from 2.39% to 1.79%, with no fee
• Two-year fixed rate at 70% LTV, decreasing by 69 bps from 2.62% to 1.93%, with no fee
• Two-year fixed rate at 75% LTV, decreasing by 69 bps from 2.62% to 1.93%, with no fee
• Two-year fixed rate at 90% LTV, decreasing by 56 bps from 3.96% to 3.40%, with no fee
• Five-year fixed rate at 60% LTV, decreasing by 58 bps from 2.68% to 2.10%, with no fee
• Five-year fixed rate at 70% LTV, decreasing by 76 bps from 2.97% to 2.21%, with no fee
• Five-year fixed rate at 75% LTV, decreasing by 84 bps from 3.05% to 2.21%, with no fee