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.
Purchase deals:
Mortgage details
Rate from 23 January - LTV - Fee - Rate reduction - Fee reduction
2 year fixed 3.49% 75% £799 -0.65% -£200
2 year fixed 5.49% 85% £799 -0.30% -£200
3 year fixed 4.19% 75% £499 -0.30% -£500
5 year fixed 4.59% 60% £299 -0.30% -£200
5 year fixed 4.59% 75% £299 -0.50% -£200
5 year fixed 5.69% 85% £299 -0.30% -£200
2 year tracker 3.74% 75% £999 -0.40% -£800
2 year tracker 3.74% 60% £999 -0.25% -£800
Early repayment charges will apply
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.
Remortgage Deals:
Mortgage details
Rate from 23 January - LTV - Fee - Rate reduction - Fee reduction
2 year fixed 3.79% 75% £799 -0.35% £200
2 year fixed 5.49% 85% £799 -0.30% -£200
2 year fixed 6.39% 90% £799 0% -£200
3 year fixed 4.49% 75% £499 0% -£500
5 year fixed 4.89% 60% £299 0% -£200
5 year fixed 4.89% 75% £299 -0.20% -£200
5 year fixed 5.69% - 85% - £299 -0.30% -£200
5 year fixed 6.49% 90% £299 0% -£200
2 year tracker 3.99% 75% £999 -0.15% -£800
2 year tracker 3.99% 60% £999 0% -£800
Early repayment charges will apply
"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 www.natwest.com and www.rbs.co.uk.
