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Natwest and RBS announce cheaper fixed rate deals
22 October 2008 15:26
The high street lenders Natwest and Royal Bank of Scotland have announced a series of reduced rate mortgage deals.
With rates lowered by as much 0.6 per cent, the new fixed rate offers from Natwest and its subsidiary also boast reduced arrangement fees by as much as £500.
The cheaper fixed rate mortgage deals are open to both new customers looking to get a foot on the ladder in a difficult financial climate and homeowners eager to remortgage.
Andy Fell, director of branch mortgages at Natwest, said that the bank was continuing to increase its presence in the home purchase loan market with new lending to customers up 28 per cent year-on-year.
He added that the company remains committed to making lending available and to ensuring that it supports its customers during these challenging economic conditions.
Last week, Natwest unveiled its 5.74 per cent two year fixed rate mortgage with a £499 fee and 75 per cent loan-to-value ratio.
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