NatWest & RBS launch lower fixed rate mortgages

NatWest and RBS have announced the introduction of a new competitive fixed rate mortgage with a rate of only 3.99% and a fee of £799. The new 2 year deal is available to both new customers and those wishing to remortgage, with a loan to value (LTV) of 60%. The new deal is available from Thursday 15 January 2009.

The Bank is replacing a number of their fixed rate mortgages from the same date, with new deals reducing by as much as 0.70%. Customers can choose between 2, 3 and 5 year deals.

Announcing the new mortgage deals, Andy Fell, Director of Branch Mortgages commented: "We believe this attractive new range of fixed rates gives us a great opportunity to help our customers secure lower rates and potentially save some money on their monthly repayments. We remain committed to helping our customers and supporting them by offering a range of competitive deals during these challenging economic conditions."

Customers holding a NatWest or RBS packaged account can benefit further with 30% off selected product fees. For full details visit natwest.com and rbs.co.uk