New mortgage products launched

Date:Friday 23rd January 2009
Author: Susanna Kavka

New mortgage products from Abbey, Natwest and the Royal Bank of Scotland (RBS) have been launched, the lenders have announced.

The new Abbey tracker mortgages are three-year deals with rates beginning at 3.99 per cent.

That rate is available for a mortgage with a maximum loan-to-value (LTV) of 75 per cent and comes with a £1,495 fee.

Remortgage and homebuyer options are available.

Abbey mortgage rates are also being cut for large loan deals of 60 per cent LTV and low loans of 75 per cent LTV.

New Natwest and RBS mortgage deals have also been launched.

Rates have been reduced by as much as 0.65 per cent on fixed and tracker-rate mortgages.

There is also a fixed-rate, two-year deal of 3.49 per cent for people looking to purchase, with a £799 fee for LTVs of up to 75 per cent.

Rates on mortgages up to 85 per cent on two, three and five-year fixed-rate deals are also being reduced.