NatWest is to introduce rate changes on selected core and semi-exclusive residential products tomorrow (12 September).

The lender is reducing rates by up to 15bps across its product portfolios for both new and existing customers.

Changes are as follows:

New Business:

Intermediary Exclusives:

• Purchase: Rate reductions of 14bps across 60, 70, and 75% LTV deals
• Remortgage: Rate reductions of 14bps across 60, 70, and 75% LTV deals

Core Range:

• Purchase: Rate reductions of 14bps across 60, 70, and 75% LTV deals
• Remortgage: Rate reductions of 14bps across 60, 70, and 75% LTV deals

Existing Customers:

Core Range:

• Switcher: Rate reductions of 14bps across 60, 70, and 75% LTV deals 

There are no changes to end dates.

Mark Bullard, head of sales, said: “I’m pleased that we’re further demonstrating our appetite to lend by making rate reductions across a wide variety of products and LTV bandings and are focusing on new and existing customers.”