NatWest and RBS offer lower fixed rate mortgages
22/12/2008
New customers at NatWest and RBS will have access to some new lower fixed-rate mortgage deals for up to 75% of the value of their property.
The bank has revealed plans to replace some of its standard fixed rate mortgages with deals that are as much as 0.40% cheaper, with rates as low as 4.49%. The fixed rate will be available for either two years or three years depending on which deal the customer chooses to take.
The 0.40% discount is available on the 60% loan-to-value (LTV), two-year deal; while a discount of 0.15% is available on the 75% LTV, three-year deal.
Product fees are also being lowered by 30%, on packaged account mortgages. These reductions are available to current and new Advantage and Royalties current account users.
Andy Fell, director of branch mortgages, says the opportunity to secure a lower rate for two or three years is valuable to customer in light of current economic instability: "we remain committed to making lending available to ensure we support our customers during these challenging economic conditions."
The bank has revealed plans to replace some of its standard fixed rate mortgages with deals that are as much as 0.40% cheaper, with rates as low as 4.49%. The fixed rate will be available for either two years or three years depending on which deal the customer chooses to take.
The 0.40% discount is available on the 60% loan-to-value (LTV), two-year deal; while a discount of 0.15% is available on the 75% LTV, three-year deal.
Product fees are also being lowered by 30%, on packaged account mortgages. These reductions are available to current and new Advantage and Royalties current account users.
Andy Fell, director of branch mortgages, says the opportunity to secure a lower rate for two or three years is valuable to customer in light of current economic instability: "we remain committed to making lending available to ensure we support our customers during these challenging economic conditions."
