Related topic: Buy-to-let

Reductions span the lender's purchase and remortgage products across both ranges.

A selection of products has also been made available through Paragon's tailored proposition.

In Wales, holiday lets that aren’t booked for a minimum of 182 days are usually treated as domestic second homes, which can result in council tax premiums of up to 300%.

The lender has reduced rates across its range by up to 0.35%.

The July mortgage market saw a split between refinancing and cautious buyers.

The Bank has also introduced new two-year tracker rates from 4.03%.

The changes apply to NatWest's core and semi-exclusive residential and buy-to-let deals.

The latest cuts span both single family let and complex property products.

The latest reductions cover first-time buyer and buy-to-let remortgage products.

Standard rates now start from 3.39%.