NatWest Intermediary Solutions has cut a selected range of purchase, first-time buyer, buy-to-let and other home loans for new and existing customers by up to 76 basis points. 

The high street lender’s broker-only arm says highlights of its new business residential two-year fixed-rate purchase offers includes a 60% loan to value deal down by 47bps to 5.40%, with a £995 product fee. 

And a two-year fixed-rate remortgage at 90% LTV, cut by 30bps to 5.69%, with a £995 product fee. 

A five-year fixed-rate purchase offer at 90% LTV, down by 54bps to 5.35%, with a £995 product fee. 

And a five-year fixed-rate remortgage at 60% LTV, which falls by 50bps to 5.19%, with no product fee. 

A five-year first-time buyer purchase loan at 90% LTV, down by 54bps to 5.35%, with a £995 product fee and £250 cashback. 

A Help to Buy – shared equity two-year fixed-rate purchase offer at 60% LTV, cut by 76bps to 5.54%, with no product fee. 

For existing customers, a two-year fixed-rate switcher falls by 50bps to 5.59%, with no product fee. 

A BTL two-year fixed rate switcher is down by 50bps from 6.14% to 5.64%, with no product fee. 

And a BTL five-year fixed-rate switcher falls by 49bps to 5.10%, with a £995 product fee. 

The move by the lender move comes after chancellor Jeremy Hunt calmed international debt markets in October, by largely reversing former chancellor Kwasi Kwarteng’s tax-cutting mini-budget on 23 September, which saw the number of products on the market fall sharply while remaining loan prices jumped. Hunt went on to consolidate his measures in the Autumn Statement in November. 

EHF Mortgages managing director Justin Moy says: “While all interest rate reductions are very welcome, NatWest had some ground to catch up with the leading lenders.  

“Most of the announced deals are still in the 5%s and 6%s, and current market-leading fixed rates start from 4.65%. NatWest has plenty of opportunity to cut rates further.  

“All that being said, those staying with NatWest on a product transfer, or looking to port their current mortgage on a purchase, will be delighted.