NatWest is set to reduced selected buy-to-let products by up to 84bps.
In addition, the lender is reintroducing free valuations for intermediary purchase products.
The changes will be effective from 24 November.
NatWest cuts interest coverage ratio
The lender will also be reducing rates by up to 5bps on its product switch range for 60% LTV 2-year fixed offerings.
However, it will be increasing rates by up to 20bps across its core remortgage range, and by up 20bps and 19bps on selected 2- and 5-year deals 70% LTV and above, respectively.
Within the lender’s core range, it will also be introducing six green purchase products across 2- and 5-year deals.
For purchase, a collection of 5-year products, across multiple LTV bandings, product fees and cashback deals will be added.
Additionally, for buy-to-let, a collection of new 2- and 5-year products, across 60% and 75% LTVs bandings will be introduced.
Within NatWest’s core range for withdrawals, it will be introducing a number of 2 and 5-year products, across multiple LTV bandings, product fees and cashback deals for purchase only.
A collection of 2- and 5-year products, across 60% and 75% LTVs bandings for buy-to-let will also be added.
Furthermore, the exclusive withdrawals range will see numerous purchase and buy-to-let only, 2- and 5-year products added, across 60% and 75% LTVs bandings.