A five-year fixed rate buy-to-let remortgage product has reduced by 146bps from 3.47% to 2.01% at 75% LTV, with no product fee. Other five-year buy-to-let remortgage reductions include a 60% LTV product which has decreased by 104bps to 1.90% and a 70% LTV down by 137bps to 2.01%, both with no fee.
For two-year buy-to-let remortgage products, the largest reduction is at 75% LTV with a rate cut of 134bps to 1.73%. Rates are down by 114bps to 1.63% at 60% LTV and by 129bps to 1.73% at 70% LTV, all fee-free.
On buy-to-let purchase products, the biggest cut is to a 75% LTV five-year fixed rate, down by 94bps from 3.07% to 2.13% with no fee. Other notable five-year reductions are at 60% LTV, decreasing by 77bps to 1.90%, and at 70% LTV, down by 75bps to 2.13%, both fee-free.
Two-year buy-to-let products have decreased by 47bps to 2.09% at 70% LTV and by 58bps to 2.09% at 75% LTV, both fee-free.
NatWest has also made a series of smaller rate cuts across its residential range.
Two-year fixed rate purchase products have decreased by up to 22bps, with the largest reductions to two and five-year fixed rates at 90% LTV, now available at 2.48% and 3.07% respectively with no fee.
First-time buyer rates have been cut by between 13 and 19bps. Two-year fixed rates now start from 1.62% at 80% LTV, 1.84% at 85% LTV, and 2.22% at 90% LTV. Five-year fixed rates have been reduced to 1.87% at 80% LTV, 2.26% at 85% LTV, and 2.83% at 90% LTV. All first-time buyer products come with a £995 fee and £500 cashback.
On NatWest's green mortgage range at 85% LTV, a two-year fixed rate has been cut by 12bps to 1.84% and a five-year fix by 7bps to 2.26%, both with a £995 fee and £250 cashback.
