NatWest, Barclays and Santander slash mortgage rates in pre-Christmas battle View Image

The mortgage market is "hotting up" as NatWest becomes the latest high street giant to unleash rate cuts. Brokers say lenders are locked in a pre-Christmas price war, with headline deals tumbling as markets put the chance of a base rate cut next week at 90%.

NatWest has rolled out a new 3.62% two-year fixed purchase mortgage at 60% loan-to-value (LTV) with a £1,495 fee, alongside a 3.66% two-year fixed remortgage, also at 60% LTV with the same fee. The reductions come as rivals including Santander and Barclays have announced their own cuts.

Darryl Dhoffer, founder of Bedford-based The Mortgage Geezer, said: "NatWest are keen not to miss out on the festive action as other big lenders have been cutti

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