NatWest and RBS in new product range launch

NatWest and RBS in new product range launch

NatWest and the Royal Bank of Scotland (RBS) have announced changes to their range of products.

The amendments will see two-year fixed-rate deals at a 60 per cent loan-to-value (LTV) and a £799 fee lowered by 0.4 per cent to 4.59 per cent, while the 75 per cent LTV product over the same duration with a £999 fee will be 0.15 per cent cheaper at 4.84 per cent.

In addition to this, a new three-year fixed-rate product is being launched at a 4.79 per cent rate with a 75 per cent maximum LTV and a £999 fee.

Director of branch mortgages for NatWest and RBS Andy Fell commented: "We believe this new attractive range of fixed-rate deals gives our customers a great opportunity to secure lower rates for two to three years, which is important to many people in these uncertain times."

Another lender announcing mortgage product news today was Coventry Building Society.

Its standard variable Privilege Mortgage rate - which applies to members borrowing for five years or longer - will be reduced to 4.79 per cent from January 1st 2009.

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