NatWest will cut rates for new house purchases and remortgages by up to 40 basis points tomorrow (28 November).  

The high street bank says its reductions cover:  

• Purchases will fall by up to 26ps and 30bps on selected two- and five-year deals  
• Remortgages are down by up to 40ps and 24bps on selected two- and five-year deals  
• First-time buyer loans will fall by up to 26ps and 18bps on selected two- and five-year deals  
• Buy-to-let purchases will fall by up to 42bps and 55bps on selected two- and five-year deals  
• BTL remortgages will fall by up to 31ps and 40bps on selected two- and five-year deals  

The lender adds that with new business BTL rate reductions of between 100bps and 106bps on selected two-year deals, the product fee will rise to £3,499.  

Also, on BTL remortgage rate reductions of up to 80bps and 85bps on selected two-year deals, the product fee will lift to £3,499.  

The business tells brokers that they will be able to produce mortgage illustrations and submit applications online for existing deals until 10:30pm on 27 November.