New NatWest fixed-rate mortgages launched

Date:Monday 22nd December 2008
Author: Max Freedman

New Royal Bank of Scotland and NatWest fixed-rate mortgages have been announced by the lenders.

Available for loans-to-value (LTV) of up to 75 per cent, the mortgages come in two or three-year deals.

The two-year deal for 60 per cent LTV has a 4.49 per cent rate and £799 fee, while the 75 per cent LTV has a £999 fee and 4.84 per cent rate.

On the three-year option, for 75 per cent LTV, the rate is 4.79 per cent and the fee is £999.

Andy Fell, director of branch mortgages, said securing rates was "important to many people in these uncertain times".

The standard variable rate at the Coventry Building Society is also being reduced.

A new rate of 4.79 per cent, for borrowing members of five years standing or more, has already come into effect for new customers.

Existing ones will get the benefit from January 1st.