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Press Room

NatWest Introduces Two New Mortgage Deals
(13 March 2006)

Today, NatWest further enhances its mortgage range with the launch of two new key products. The new additions will see the introduction of a competitive 10-Year fixed rate deal and a First Time Buyer stepped tracker. This is the latest move in NatWest's commitment to delivering mortgages 'another way'.

For those looking for long term peace of mind, the new NatWest 10-Year Fixed deal at 4.99% offers set mortgage payments for a longer period. It is available with up to 95% loan to value and an annual 10% overpayment option which means that every year, NatWest mortgage customers can overpay by a maximum of 10% of their outstanding mortgage balance without incurring an Early Repayment Charge. This overpayment can take the form of lump sums or regular overpayments.

The First Time Buyer three-year tracker is a stepped product, keeping repayments low across the three years. It is particularly low in year one, which helps at a time when many first time buyers find it especially hard. The tracker is 3.99% variable in year one, 4.99% in year two and 5.99% in year three. The deal comes with free valuation and an annual 10% overpayment option.

Guy Aldwinckle, Head NatWest Mortgages, said: "It is so important to respond to the diverse needs of all our customers and so NatWest is pleased to be able to introduce these new mortgage products to its portfolio. NatWest aims to give not only a helping hand to first time buyers at the time they need it most but also to offer choice to homebuyers further up the property ladder."

For more information on NatWest’s mortgage range call 0800 400 999 or visit natwest.com/mortgages.

Notes to editors:

  • Further product information:


  • DealInterest RateAPRERCNotes
    Ten Year Fixed4.99% fixed until 30.04.165.7%5% until 30.04.12
    4% until 30.04.13
    3% until 30.04.14
    2% until 30.04.15
    1% until 30.04.16
    10% annual overpayment option, 295 arrangement fee, with 95% LTV.
    FTB Three-Yr Tracker 3.99% variable until 30.04.07
    (being 0.51% below the current NatWest Bank Base Rate of 4.50%) changing to

    4.99% variable until 30.04.08
    (being 0.49% above the current NatWest Bank Base Rate of 4.50%) changing to

    5.99% variable until 30.04.09
    (being 1.49% above the current NatWest Bank Base Rate of 4.50%) changing to our Standard Variable Mortgage Rate
    6.3%2% until 30.04.0910% annual overpayment option, 195 arrangement fee, free valuation, with 90.01% - 100% LTV.