NatWest will reduce rates for new customers, existing customers and additional loan products from January 22.
Purchase agreements are reduced by as much as 11 basis points. These include 60% fixed LTV rates, which drop from 3.62% to 3.56% with a £995 fee, and 60% fixed LTV rates, which drop from 3.57% to 3.51% with a £1,495 fee.
The five-year fixed rate purchase at a 60% LTV is reduced from 3.79% to 3.75% for a fee of £995.
In addition, two-year fixed interest rates at 80% Loan-to-Value (LTV) without fees will be reduced by 11 basis points from 4.18% to 4.07%, and LTV products with an interest rate of 60% will be reduced by 10 basis points from 3.97% to 3.87%, also without fees.
The lender’s two-year fixed purchase rate with a 90% first-time LTV will be reduced by 10 basis points from 4.35% to 4.25% with no fees and £250 cashback, while the five-year fixed purchase deals will drop by 9 basis points to 4.02% with a £995 fee and £250 cashback.
Share prices will also be reduced by up to 11 basis points. These include the two-year fixed purchase at a 75% LTV, which will be reduced from 4.29% to 4.18%.
NatWest’s green two- and five-year fixes will be reduced. The five-year fixed rate on 85% LTV drops from 4.06% to 3.97% with a £995 fee.
The green buy-to-let (BTL) will be reduced by as much as 8 basis points over a two- and five-year fixed purchase and remortgage rate.
Finally, BTL five-year fixed rate remortgage products will be reduced, including the 60% no-fee LTV which will drop from 4.18% to 4.08%.
The two-year fixed remortgage rate will also fall, with an LTV of 75% and a fee of £3,499 falling by 11 basis points from 3.60% to 3.49%.
Elsewhere, Newcastle for Intermediaries has reduced rates on selected products by up to 0.36%.
The product rates for products with a term of two, five and six years have been reduced to an LTV of 90%.
Newcastle for Intermediaries offers reimbursement and cashback options for selected 90% and 95% LTV products, as well as free legal fees for selected products with an LTV of 80% or lower.
Reductions apply across the entire mortgage range, including standard homes, shared ownership, interest-only homes, first homes, JMSP, enhanced+, affordability enhancement and new build (95% LTV).