RBS and NatWest cut rates

| September 2, 2008 | 0 Comments
RBS and NatWest cut rates

RBS and its subsidiary, NatWest, have cut rates by up to 0.35% on fixed and tracker mortgages.

The reductions are the second to be applied since the beginning of August and will benefit new customers and existing borrowers who need to remortgage.

Applications can be made through RBS and NatWest branches and RBS and NatWest Mortgages Direct.

While the majority of new fixed and tracker loans have been lowered by at least 0.10%, the most generous cuts have been applied to the lenders’ five-year fixed-rate home loans, where the rate comes down to 5.89%.

However, the range requires a loan-to-value ratio of 75% or below.

Meanwhile, customers holding a current account from the RBS Royalties or NatWest Advantage range will benefit from reductions of up to 0.45% on Royalties and Advantage fixed-rate and tracker home loans.

The banks are also doubling the number of branches open for business on Saturdays from 6th September, as an encouragement to those who may wish to call in and discuss their mortgage needs.

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