NatWest has dropped interest rates on a number of its products as major lenders slash rates

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

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