NatWest has cut landlord stress rates, and reduced a range of residential and buy-to-let prices for new and existing borrowers by up to 40 basis points.  

The high street bank says its BTL two-year fixes are reduced to 7.81% from 8.15%, its five-year fixes come down to 6.68% from 6.78%, while its like-for-like remortgages fall to 7.15% from 7.55%.  

Highlights among its rate reductions for new business include:  

• House purchase rate cuts of up to 26ps and 27bps on selected two- and five-year deals  
• First-time buyer cuts of up to 22ps and 15bps on selected two- and five-year deals  
• BLT purchase rate cuts of up to 37bps and 22bps on selected two- and five-year deals  
• BTL remortgage cuts of up to 23ps and 40bps on selected two- and five-year deals  

Highlights among its rate reductions for existing customers include:  

• Switcher rate cuts of up to 17ps and 20bps on selected two- and five-year deals  
• BTL switcher rate cuts of up to 31bs and 33bps on selected two- and five-year deals  

The lender also launches switcher 100% loan-to-value two-year loans for existing borrowers.  

John Charcol mortgage technical manager Nicholas Mendes says: “NatWest has wasted no time repricing following similar changes by Halifax and HSBC.  

“With markets settled, confident of another Hold in the Monetary Policy Committee meeting on Thursday, and swaps across two-, three- , and five-year terms falling further, lenders clearly feel there is still further ground to make.  

“Expect to see the 4.6% breached imminently, and potentially 4.5% on a five-year fix sooner than expected.”