NatWest and RBS launch new fixed rate mortgage deals

NatWest and RBS have announced that they are replacing some of their standard fixed rate mortgages with new deals reduced by up to 0.40%.

The lower fixed rate mortgages are available to new customers with a loan to value of up to 75%. Customers can opt for a 2 year fixed rate deal or take a new 3 year fixed rate option.

Announcing the new mortgage deals, Andy Fell, Director of Branch Mortgages commented: "We believe this new attractive range of fixed rate deals gives our customers a great opportunity to secure lower rates for 2 to 3 years, which is important to many people in these uncertain times. We remain committed to making lending available to ensure we support our customers during these challenging economic conditions."

In addition, the Bank is also lowering product fees and rates on selected packaged account mortgages with a loan to value of up to 75%. On these deals, product fees are being reduced by 30%, starting from £559 and rates reduced by up to 0.40%, starting from 4.49%. Customers who already have, or open either an Advantage or Royalties current account are eligible for these new deals.