The lender is making over a dozen rate reductions and introducing a number of new fee-free products ahead of Christmas for its main bank and Core ranges tomorrow.

NatWest is to offer a fee-free two-year fixed rate mortgage at 2.75% and a five-year fixed rate product at 3.25%, available up to 50% LTV. A two-year tracker at 3.09% is available up to 70% LTV with no product fees.

The lender is also lowering rates on its three-year fix to match its two year offering and both products will now be available at 2.75%, with fees of £995.

In the buy-to-let range a pair of new deals will be introduced at the 60% LTV level, with a two-year fix available at 3.79% and a tracker at 3.65%, both with £495 product fee.

Mark Bullard, head of sales at NatWest Intermediary Solutions, said that the bank’s new products would help fill in gaps in the market for brokers.

“Having looked at the market to see where we could offer some added value, we identified that the sub-50% LTV sector was with limited choice, so our new ‘no product fee’ mortgages should prove to be attractive.

“In addition, we have decided to extend the rates currently being offered on a number of our two-year fixed rate deals to a selection of our three-year deals as a festive special, effectively offering brokers the chance to offer their clients a two-year rate on a three-year deal.”

Main Bank and Core ranges rate changes:
• Two-year fixed rate reducing to 2.28% from 2.29%, 60% LTV, £1,995 product fee.
• Two-year fixed rate reducing to 2.75% from 2.85%, 70% LTV, £995 product fee.
• Two-year fixed rate reducing to 3.19% from 3.29%, 70% LTV, no product fee.
• Three-year fixed rate reducing to 2.75% from 2.99%, 70% LTV, £995 product fee.
• Three-year fixed rate reducing to 3.19% from 3.35%, 70% LTV, no product fee.
• Three-year fixed rate reducing to 3.39% from 3.45%, 75% LTV, £995 product fee.
• Three-year fixed rate increasing to 3.79% from 3.75%, 75% LTV, no product fee.
• Five-year fixed rate reducing to 3.15% from 3.49%, 70% LTV, £995 product fee.
• Five-year fixed rate reducing to 3.59% from 3.79%, 70% LTV, no product fee.
• Two-year fixed rate increasing to 5.99% from 5.75%, 90% LTV, £995 product fee.
• Five-year fixed rate increasing to 6.39% from 6.09%, 90% LTV, £995 product fee.

Core range purchase and remortgage changes: 
• 18-month tracker reducing to 2.89% from 3.29%, 75% LTV, £995 product fee.
• Two-year tracker reducing to 2.85% from 3.15%, 75% LTV, product fee reducing to £1,995 from £2,495.

Buy-to-let rate changes:
• Two-year fixed rate reducing to 3.15% from 3.49%, 60% LTV, product fee increasing to £2,495 from £1,999
• Two-year tracker reducing to 2.99% from 3.49%, 60% LTV, product fee increasing to £2,495 from £1,999
• Two-year fixed rate reducing to 3.55% from 4.49%, 75% LTV, product fee increasing to £2,495 from £1,999
• Two-year tracker reducing to 3.19% from 4.09%, 75% LTV, product fee increasing to £2,495 from £1,999