NatWest has announced rate cuts for mortgage products aimed at both new borrowers and people already signed up to a mortgage with the bank.

These consist of reductions of up to 29 basis points for the former and 37 basis points for the latter.

In the residential category, highlights include the 75% LTV two-year fix for purchase with zero product fee seeing a cut of 26 basis points to 4.68% and the 60% LTV two-year fix for remortgage with zero product fee being reduced by 29 basis points, to 4.49%.

In the five-year range, the 75% LTV product for purchase with zero fee has seen its rate chopped by 27 basis points, to 4.21%, while the 75% LTV remortgage five-year fix with £1,495 charged as a fee and cashback set at £250 has been cut by 19 basis points, to 3.94%.

Meanwhile, first-time buyers can enjoy cuts of up to 26 basis points for two-year products and 27 basis point reductions for five-year mortgages.

NatWest adds that shared equity products have seen reductions by the same amount across the same type of deals and, within its buy-to-let (BTL) selection, green BTL mortgages for purchase have been cut by up to 19 basis points for two-year fixes and by up to 12 basis points for five-year fixes.

Rates on green BTL remortgages, meanwhile, have been reduced  by 25 basis points and 19 basis points across two- and five-year fixes, respectively.

For existing clients, NatWest points out cuts of up to 29 basis points for two-year switcher products and by up to 19 basis points for five-year switchers.

And its headline cut within this section comprises the 75% LTV five-year fixed rate switcher, which has been reduced by 37 basis points, from 5.24% to 4.87%.

The above product charges zero fee.