The Royal Bank of Scotland and National Westminster Bank have announced that they are to reduce mortgage rates, with cuts up to 0.35% - with the prices on the majority of new fixed and tracker mortgages lowered by at least 0.10%.

These deals are available through The Royal Bank of Scotland (RBS) and National Westminster Bank (NatWest) branches and via RBS and NatWest Mortgages Direct.

In addition, both the RBS Royalties and NatWest Advantage fixed and tracker rate mortgages will see rate cuts of up to 0.45%. The deals are available exclusively to customers holding a current account from the RBS Royalties or NatWest Advantage range.