NatWest cuts rates by up to 15bps today

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NatWest has cut mortgage rates today by up to 15 basis points, including reductions on both new customer and product transfer deals.

The lender announced the changes late on Friday as Halifax and BM Solutions also revealed they would be lowering prices today.

NatWest’s latest round of cuts are wide ranging, across both residential and buy-to-let.

The biggest reductions are to some of its deals for landlords.

A BTL two-year fixed for remortgage at 75% LTV has come down by 15bps from 5.05% to 4.9% with a £995 fee.

The lender has also cut a BTL green remortgage two-year fix at the same LTV by the same margin from 4.99% to 4.84%, also with a £995 fee.

Alternatives to both products at the same rates offer £350 cashback instead of free legals.

In its residential range, notable reductions include some low-deposit deals.

A two-year fixed for purchase at 95% LTV has dropped by 10bps from 5.6% to 5.5% with no fee.

A five-year fix for purchase at 90% LTV has fallen by 10bps from 5.04% to 4.94% with a £995 fee.

Scores of other rates across the lender’s range have also been trimmed today.


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