Natwest & RBS reduce fixed rate mortgages and lower fees

NatWest and RBS have announced they will be replacing a number of their fixed rate mortgages with reduced rates of as much as 0.60% and a minimum of 0.35%, as well as lowering selected arrangement fees by £500.

The lower fixed rate mortgages are available to new customers looking to buy their first property or those who are remortgaging. Customers have the choice of 2 or 5 year fixed rates with LTV's ranging from 75%, 90% and 95%.

Announcing the new mortgage deals, Andy Fell, Director of branch mortgages commented: "We continue to grow our presence in the mortgage market, with lending to new customers up 28% year on year. We remain committed to making lending available to ensure we support our customers during these challenging economic conditions."

Today's new fixed rates follow on from last week's launch of a competitive 5.74% 2 year fixed rate with a £499 fee and 75% LTV, which is still available to both new and existing NatWest and RBS customers. All fixed rate deals are available via NatWest and RBS branches, as well as by phone.