NAT WEST CUTS MORTGAGE RATE FOR NEW BORROWERS
  National Westminster Bank Plc &lt;NWBL.L>
  announced a 0.75 pct reduction in the mortgage interest rate
  applicable to new mortgages taken out from June 19, 1987.
      The new rate is 10.5 pct (APR - Annual Percentage Rate -
  11.2 pct including fees for normal repayment mortgages, and
  11.1 pct including fees for endowment and pension mortgages).
      A spokesman for Nat West said the position for existing
  mortgages is being kept under active review in the light of
  market conditions, and an announcement will be made as soon as
  possible.
  

