New standard fixed-rate mortgages have been introduced by NatWest and the Royal Bank of Scotland (RBS), it has been announced.
The new deals feature a reduction in rates by up to 0.4 per cent, with customers who take out a two-year fixed loan at 60 per cent loan-to-value (LTV) with a £799 fee able to benefit from the full cut.
Those who opt for a two-year deal at 75 per cent LTV with a £999 fee will see a 0.15 per cent rate reduction, while the lenders have also introduced a new, three-year equivalent which carries an interest rate of 4.79 per cent.
“We believe this new attractive range of fixed-rate deals gives our customers a great opportunity to secure lower rates for two to three years,” director of branch mortgages Andy Fell said.
Those looking for a new mortgage as part of a
debt management plan may wish to note that Abbey recently announced cuts of up to 0.6 per cent across its range of fixed-rate options.
By Tom Musk