Money News
RBS and NatWest today launch a brand new range of fixed and tracker rate mortgage deals, exclusively for existing mortgage customers.
The new range has been developed to help customers coming to the end of their current deal and to reward loyalty by offering the best rates possible.
Existing customers can choose from two rates, one designed for those only requiring up to 75% loan to value (LTV) and the other for those needing up to 95% LTV. Both deals can be fixed over 2, 3, 5, 7 or 10 years.
The tracker rates are available for 2 or 3 years with a LTV of either 75% or 90%.
All core deals carry a fee of £899 and the NatWest fee free 3 year step down tracker continues to be available.
Are you looking to remortgage? Maybe to extend your mortgage or just to get a more competitive interest rate?Announcing the change Jon Cooper, Head of Mortgages for Existing Customers, said, "In these uncertain times we are committed to helping our existing customers who are about to come to the end of their current deal. We have introduced these new competitive rates to support customers who want to keep monthly repayments as affordable as possible."
The following provides some examples of the new rates available from 19 August 2008.
|
PRODUCT
|
PURPOSE
|
LTV
|
TERMS AVAILABLE
|
FEE
|
|
6.19% fixed
|
Existing customers switching only
|
Up to 75%
|
2, 3, 5, 7 or 10 year fixed
|
£899
|
|
6.54% fixed
|
Existing customers switching only
|
Up to 95%
|
2, 3, 5, 7 or 10 year fixed
|
£899
|
|
5.99% tracker (BR +0.99%)
|
Existing customers switching only
|
Up to 75%
|
2 or 3 year terms
|
£899
|
|
6.14% tracker (BR +1.14%)
|
Existing customers switching only
|
Up to 90%
|
2 or 3 year terms
|
£899
|
3 Year Step Down Tracker continues to be available: Maximum Loan to Value 90%
|
Year of mortgage
|
Rate
|
Early Repayment Charges
|
Incentives
|
|
Year 1
|
6.89% (base + 1.89)
|
3%
|
No set up fees, no legal fees, no valuation fees, no CHAPS fee
Track & Switch facility.(for a standard re-mortgage)
|
20 August 2008 © Moneyextra.com
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