NatWest has announced a range of cuts to its mortgage rates and early repayment charges that come into effect on Monday (19 April).

Changes to the high street bank’s Help to Buy shared equity range will see a five-year fixed rate 70 per cent loan to value mortgage, fall by 15 basis points to 1.93 per cent, with a £995 fee.

And a Help to Buy shared equity five-year fixed rate 75 per cent LTV, also falls by 15 basis points to 1.93 per cent, with a £995 fee.

Within its residential products a two-year fixed rate 70 per cent LTV mortgage, falls by 5 basis points to 1.28 per cent, with a £1,495 fee.

Its two-year fixed rate 90 per cent LTV product, also falls by 5 basis points to 3.38 per cent, with no product fee.

Among its remortgage range, a five-year fixed rate 75 per cent LTV, falls by 2 basis points to 1.53 per cent, with a product £1,495 fee.

Its first-time buyer five-year fixed rate 90 per cent LTV, falls by 2 basis points to 3.40 per cent, with a £995 fee, and cashback £500.

Among its green mortgages, a two-year fixed rate 75 per cent LTV, falls by 5 basis points to 1.38 per cent, with a £995 fee, and £250 cashback.

It has also cut early repayment charges across a range of products, for example, the charge on leaving a five-year fixed-rate mortgage with three years remaining falls to 3 per cent from 4 per cent on Monday. Exiting a two-year tracker product with a year to go, falls to 0.25 per cent from 0.5 per cent.

The lender adds that its two-year term end dates will move from 30 June 2023 to 31 August 2023.

While its five-year term end dates move from 30 June 2026 to 31 August 2026.