NatWest cuts mortgage rates by up to 0.39 percentage points

NatWest has announced a reduction in mortgage rates by up to 0.39 percentage points, effective tomorrow. The bank will offer competitive fixed rates, with the lowest five-year fixed starting at 4.1 percent, benefiting home buyers and landlords. This change comes after a period of rising mortgage rates since early October. The lowest five-year fixed rate currently available is 4.14 percent from Nationwide Building Society, while the lowest two-year fix is 4.22 percent. The Bank of England's governor indicated potential interest rate cuts next year, which may influence future mortgage pricing. NatWest's rate cuts could signal a shift in the mortgage market, as competition among lenders increases.