NatWest will cut rates across its new business range by up to 16 basis points for home purchase and 31bps for remortgage products from tomorrow (24 February). 

The high street bank says the changes cover:  

• Purchase, with cuts of up to 16bps and 11bps on selected two- and five-year offers
• First-time buyer, with reductions up to 16bps and 11bps on 90% loan-to-value two- and five-year loans
• Buy-to-let purchase, with cuts of up to 26bps and 30bps on selected two- and five-year deals
• BTL remortgage, with reductions of up to 30bps and 31bps on selected two- and five-year offers
• Green BTL purchase, with cuts of up to 23bps and 21bps on selected two- and five-year loans
• And green BTL remortgage, with reductions of up to 11bps and 31bps on selected two- and five-year deals

The lender says brokers must produce mortgage Illustrations and submit applications online for existing deals by 10:30pm on 23 February. 

It adds that for packaging assistance, brokers should consult its income and packaging guide.