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Lenders unveil new fixed-rate packages
24 November 2008 16:19
Two major high street lenders have unveiled new fixed-rate mortgage deals, which they hope will help homeowners through the credit crunch.
Alongside reductions of as much as 0.75 per cent, Natwest and Royal Bank of Scotland will also offer customers loan-to-values (LTVs) of between 60 and 75 per cent.
The products will be available from tomorrow (November 25th) in the form of two to five year fixed rate deals, with fees starting from £799.
Andy Fell, director of branch mortgages, said that the company believe this new range of fixed-rate products would give homeowners a good opportunity to attain low rates for between two and five years.
He added that it was important in challenging financial times that the bank remained committed to making lending available for its customers.
Apart from the announcement of these new fixed-rate products, the lenders' 85 to 95 per cent LTV home purchase loans will remain unchanged.
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