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Press Room

NatWest Launches New Look Mortgages and Switching Facility
(11 September 2006)

NatWest has launched a new look mortgage range designed to make it even easier for customers to choose the right deal for them. New features include a 'switch' facility and the range includes discounted rates from 4.59% and fixed rates from 5.09%, as well as some fantastic value fee saving deals.

The new simplified range of NatWest mortgages will give customers a straightforward choice to either pay an arrangement fee and get NatWest's lowest rates or choose a fee-saving deal* and save up to 1,000 in fees with free legal fees (remortgages only), a free valuation and pay no product fee.

It can be a difficult decision for customers to choose between a fixed and variable rate deal, so NatWest has introduced the new 'switch' facility. Any customer taking out a discount or tracker rate can now 'switch' to a fixed deal at any time should they need to without incurring an Early Repayment Charge**.

Highlights of the new range are two limited edition discounted remortgage deals. Business customers can benefit from a two-year discount remortgage rate of just 4.59% (2.30% off NatWest's standard variable rate), whilst all customers can take advantage of a two-year discount remortgage offer of 4.64% (2.25% off NatWest's standard variable rate). Both deals are available with 75%LTV and come with free legal fees, a free valuation and a product fee of only 699, which can be added to the loan. The customers can also take advantage of the new switch facility and the annual 10% overpayment option.

Guy Aldwinckle, Head NatWest Mortgages, said: "NatWest is committed to focusing on the individual needs of all our customers. This new look NatWest mortgage range is designed to approach mortgages another way and make it simpler for customers to choose the right deal for them by introducing the new features such as a choice of fee-saving or low rate deals and the switching facility."

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

Notes to Editors:

PLEASE NOTE THAT THIS MORTGAGE RANGE IS NOT AVAILABLE VIA INTERMEDIARIES.

  • * The new fee-saving deals are available for house purchase or remortgage.
  • ** Customers switching will need to pay a product fee for the new fixed product. Customers who redeem completely from NatWest will still pay a redemption penalty.
  • *** NatWest mortgage customers can overpay annually 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.
  • Further product information

    DealInterest RateAPRERCNotes

    Business Customer Two Year discount 75% LTV

    Remortgage Deal

    4.59% variable, being 2.30% off our Standard Variable Mortgage Rate until 31.10.086.8% 3% until 31.10.0910% annual overpayment option, 699 arrangement fee, free valuation, free legal, switch facility.

    Two Year discount 75% LTV

    Remortgage Deal

    4.64% variable, being 2.25% off our Standard Variable Mortgage Rate until 31.10.086.8%3% until 31.10.0810% annual overpayment option, 699 arrangement fee, free valuation, free legal, switch facility.