In the buy-to-let segment, purchase rates have fallen at 75% LTV. The two-year fixed with a £995 fee has been trimmed by 10 basis points to 4.01%, while the 75% LTV deal carrying a £3,499 fee has been reduced from 3.58% to 3.48%.
Five-year fixed buy-to-let remortgage products at 75% LTV have also seen reductions. The option with a £4,999 fee has moved from 3.99% to 3.89%, and the product with a £5,999 fee has been cut by 10 basis points to 3.79%.
NatWest has additionally lowered rates across its shared equity, first-time buyer, green and standalone additional borrowing ranges.
“NatWest is bringing down the cost of its fixed rates for borrowers with a range of deposit sizes,” commented Aaron Strutt, product and communications director at London-based mortgage broker Trinity Financial. “The bank’s cheapest two-year fix will be 3.62% and its best five-year fix will be 3.84%.
“More of the lenders are improving their pricing again and there are not so many rate hikes at the moment. Mortgage rates are a bit more expensive than they were but not much.