Press Room
15 January 2009
NatWest & RBS launch lower fixed rate mortgages from 3.99%
- New 3.99% 2 Year Fixed Rate Deal
- Rates reduced by up to 0.70%
- 30% off selected fixed rate product fees for packaged account customers
NatWest and RBS have announced the introduction of a new competitive fixed rate mortgage with a rate of only 3.99% and a fee of £799. The new 2 year deal is available to both new customers and those wishing to remortgage, with a loan to value (LTV) of 60%. The new deal is available from Thursday 15 January 2009.
The Bank is replacing a number of their fixed rate mortgages from the same date, with new deals reducing by as much as 0.70%. Customers can choose between 2, 3 and 5 year deals.
Purchase and remortgage deals:
| Mortgage details | Rate from 15 January | LTV | Fee | Rate Reduction |
|---|---|---|---|---|
| 2 year fixed | 3.99% | 60% | £799 | -0.60% |
| 2 year fixed | 4.14% | 75% | £999 | -0.70% |
| 2 year fixed | 5.79% | 85% | £999 | -0.35% |
| 2 year fixed | 6.39% | 90% | £999 | -0.25% |
| 3 year fixed | 4.49% | 75% | £999 | -0.30% |
| 5 year fixed | 4.89% | 60% | £499 | NEW |
| 5 year fixed | 5.99% | 85% | £499 | -0.25% |
| 5 year fixed | 6.49% | 90% | £499 | -0.25% |
Early repayment charges will apply
Announcing the new mortgage deals, Andy Fell, Director of Branch Mortgages commented: "We believe this attractive new range of fixed rates gives us a great opportunity to help our customers secure lower rates and potentially save some money on their monthly repayments. We remain committed to helping our customers and supporting them by offering a range of competitive deals during these challenging economic conditions."
Customers holding a NatWest or RBS packaged account can benefit further with 30% off selected product fees. For full details visit www.natwest.com and www.rbs.co.uk.