NatWest Intermediary Solutions is cutting its standard residential purchase rates on a large number of its two, three and five-year fixed fee-based products and on its standard residential remortgage fee-based products.  

First time buyers using the Help to Buy: Mortgage Guarantee Scheme will also see a price reduction on the 95% LTV two-year fixed no-fee product by 10bps to 3.81%.

Within the residential purchase range, rates have been reduced between 5-25bps on the two-year fixed rate deals and between 6-24bps on the five-year fixed rate deals.

The three-year fixed rate 60% LTV fee product is also being cut by 6bps.

Rates on the standard residential remortgage three-year fixed rate 60% and 70% LTV fee products are reducing by 5bps. As well as residential rate reductions, there are reductions on the standard buy-to-let two-year fixed range for purchase and remortgage products by 19-23bps.

Mark Bullard, head of sales at NatWest Intermediary Solutions, said: “Having broadened our product range in recent months, I am delighted that we are able to introduce a significant number of rate reductions – between 5bps-25bps – across the full LTV range.

“We continue to have an appetite to lend and have maintained an attractive range of mortgages offering brokers and their customers a great choice whether they are first time buyers, homebuyers, remortgaging or buy-to-let investors.”