The lender will also be reducing rates across its standard residential range and buy-to-let mortgage deals.

Highlights from the standard residential refreshed range are;

– A two-year fixed rate, reducing to 2.25% from 2.35%, 60% loan-to-value (LTV), £995 product fee
– A three-year fixed rate, reducing to 3.59% from 3.74%, 85% LTV, £995 product fee

Highlights from the buy-to-let refreshed range are;

– A two-year fixed rate, reducing to 3.69% from 3.85%, 60% LTV, £0 product fee
– A five-year fixed rate, reducing to 4.59% from 4.79%, 60% LTV, £0 product fee

NatWest has led the way in criteria changes and policy changes in recent months. In July the lender imposed a loan-to-income cap on its buy-to-let applicants of 4.99 times income to mirror the restriction on its residential loans.

Meanwhile this week NatWest said it would no longer accept applications from Appointed Representatives of troubled network Financial Limited following the regulator’s decision to ban any further recruitment for four months.

The regulator said the network had not adequately supervised and controlled its staff to minimise the risk of mis-selling and the provision of unsuitable advice to customers.