NatWest has made cuts to its new business and existing customer rates by up to 0.15%.

The lender’s new business two year fixed rate purchase, high value 80% loan-to-value (LTV) which comes with a product fee of £995 is decreasing by 10 basis points to 4.55%.

The two-year fixed rate remortgage 80% LTV with £250 cashback is being lowered by 15bps to 5.20%.

The five-year fixed rate purchase 90% LTV with a product fee of £995 is being reduced by 10bps to 4.55%.

Elsewhere first-time buyer (FTB) residential changes include two-year fixed rates where the 90% LTV with a product fee of £995 and cashback of £250 has been lowered by 10bps to 5.10%.

The five-year fixed purchase 90% LTV with a product fee of £995 and £250 cashback will go down by 10bps to 4.55%.

The lender’s buy-to-let (BTL) range will also see reductions. The two-year fixed rate remortgage 60% LTV, which comes with a product fee of £995, will decrease by 8bps to 4.66%.