National Westminster Bank and The Royal Bank of Scotland have reduced 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 a good mortgage rate — a two year fixed rate at 3.49%. This has a fee of GBP799 and is available up to 75% loan-to-value (LTV).
According to National Westminster Bank (NatWest) and The Royal Bank of Scotland (RBS), customers looking to purchase a property will also see rates reduced on two-, three-, and five-year fixed deals across a range of LTV’s up to 85%, with fees of GBP299. Equally, tracker rates for new buyers have reduced by up to 0.40% with fees reduced by up to GBP800.
Andy Fell, director of branch mortgages at RBS, said: We remain committed to lending to our customers and offering highly competitive rates during these challenging economic conditions. With our best ever two-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.
