Natwest & RBS launch new competitive fixed rate deals

NatWest and RBS have announced they are cutting a significant number of their fixed and tracker rate mortgages by up to 0.65%. In addition, the Bank is offering those looking to purchase a property their best ever mortgage rate - a 2 year fixed rate at only 3.49%. This has a fee of just £799 and is available up to 75% loan to value. Until today the lowest rates were only available up to 60% LTV.

Customers looking to purchase a property will also see rates reduced on 2, 3, and 5 year fixed deals across a range of LTV's up to 85%, with fees as low as £299. Equally, tracker rates for new buyers have reduced by up to 0.40% with fees reduced by up to £800. All new rates are available from 23 January.

Remortgage customers will also reap the benefits of lower rates and fees, with fixed rates starting from 3.79% and fees from as little as £299. Remortgage tracker rates fees have also been cut by up to £800.

Announcing the new mortgage deals, Andy Fell, Director of Branch Mortgages commented: "We remain committed to lending to our customers and offering highly competitive rates during these challenging economic conditions. With our best ever 2 year fixed rate offering an LTV of 75%, at a time when the best rates on the market are reserved for customers with LTVs of 60% or less, we're helping more customers secure a competitive rate and save money on their monthly repayments."

Customers holding a NatWest or RBS packaged account can benefit further with reduced fixed rates starting from 3.39% and reduced fees starting from £559. For full details of all deals, visit natwest.com and rbs.co.uk