Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

NatWest and Newbury BS Announce Mortgage Rate Cuts Across Key Ranges

NatWest and Newbury Building Society have both announced reductions to selected mortgage rates, including residential and buy-to-let (BTL) products. The changes include cuts to high loan-to-value (LTV) products, remortgages, and additional borrowing options.

NatWest has reduced rates across its residential range, with its two-year fixed 90% LTV product with a £995 fee dropping by 10 basis points from 4.89% to 4.79%. The two-year fixed remortgage at 75% LTV was cut by 31 basis points, from 5.15% to 4.84%, for both standard and no free legal (with £350 cashback) options. NatWest’s Green range also saw reductions, with the two-year 60% LTV green remortgage dropping by 20 basis points to 4.43%.

For buy-to-let products, most of NatWest’s core two- and five-year fixed rates were trimmed by 2-6 basis points. The 75% LTV fee-free five-year fixed BTL remortgage saw a larger reduction of 15 basis points, from 5.05% to 4.9%.

NatWest also made cuts across its additional borrowing (ADBO) range. The 75% LTV fee-free range was reduced by 31 basis points from 5.15% to 4.84%. Five-year fixed ADBO tiers at 80% and 85% LTV with a £995 fee were both dropped by 14 basis points to 4.79%. The 75% LTV fee-free rate was reduced by 23 basis points from 5% to 4.77%. NatWest’s ADBO products are now priced identically to its core range.

Newbury Building Society has launched a series of rate reductions and product enhancements across its mortgage range. Existing borrowers receive the largest discount, with rates at standard variable rate (SVR) minus 1.81%, resulting in a rate of 4.19%. Across its residential range, products are around the 5% mark, with the three-year fixed rate at 75% LTV reduced to 4.99% for new business and 4.89% for existing borrowers.

For shared ownership, Newbury BS offers flat pricing, with high-LTV fixed rates at 95% loan to share set at 5.24% across two-, three-, and five-year fixed products. The society has also enhanced discounted variable rates for individual BTL borrowers across its three- and five-year discount products.

These changes provide letting agents and inventory clerks with updated information on mortgage product pricing, which may impact landlord and tenant activity in the UK property market.