NatWest has made a series of cuts throughout its new business and existing customer ranges by up to 69 basis points.

In the lender’s core range for new business, the biggest rate cut for a two-year fix is the 80% LTV product with zero fee, which has been reduced by 25 basis points, going from 2.08% to 1.83% and, for a five-year fix, the 80% LTV product with zero fee has been cut by 28 basis points, from 2.18% to 1.90%.

In the remortgage range, the 90% LTV two-year fix with zero product fee and £250 cashback has received the headline 69 basis point cut, going from 3.19% to 2.50%.

Additionally, the 90% LTV two-year fix with £995 product fee has also been cut by 69 basis points, from 2.82% to 2.13%.

And in the mortgage guarantee scheme, the 95% LTV two-year fix with zero product fee and £500 cashback has had 20 basis points removed, seeing the rate move from 3.35% to 3.15%, and the five-year fix with the same incentives has been reduced by 4 basis points, from 3.59% to 3.45%.

Elsewhere, cuts of up to 21 basis points and cashback increases of £400 have been made in shared equity and reductions of up to 21 basis points and cashback increases of £400 have been made in Help to Buy shared equity.

For existing customers, the most significant cut takes place in the core range switcher series, where the 90% LTV two-year fix with £995 product fee has received a 52 basis point cut, going from 2.85% to 2.33%.

The changes take place on 15 September.