NatWest launches competitive range of mortgage deals Go compare with our comparison table

NatWest launches competitive range of mortgage deals

24 May 2013 / by Isabel Buxton

NatWest have announced the introduction of a new range of competitive fixed rate mortgage deals – and the good news is that they’re available to those who want to remortgage their house as well as those buying a new property.

Why choose a fixed rate mortgage?

 
Fixed rate mortgages could be a good choice for those who want the security of paying the same amount every month, then our fixed rate mortgage may be a good choice for you. Your interest rate is fixed for an agreed period of time, usually two, three or five years. At the end of your fixed rate period, your interest rate will usually go back to the Standard Variable Rate.
 

Rates fixed for 2 years

 
For those who are looking to remortgage, or to buy a new property, NatWest is offering a 2 year fixed rate of 1.74% and a fee of £1,995. This new 2 year deal is available to both new customers and those wishing to remortgage, with a loan to value (LTV) of 60%. After the initial rate ends, the APR reverts to 3.90% for remortgages and 4.00% for purchases.
 

Help for first time buyers

 
For first time buyers looking to get on the housing ladder, there’s the option of a 2 year fixed rate at 4.49%, fixed until 31st October 2015. After this date, the rate will revert to 4.0% (variable). This mortgage requires a relatively low 10% deposit – which can often be useful for first time buyers - and there’s no product fee to pay.
 
These fixed rate options are competitive in the current market, and could be of interest of interest to many prospective and current homeowners. As with any financial decision, we recommend that you seek independent financial advice before taking out a mortgage.
 
 
 
 
Natwest Mortgage Deal Selection - Call Direct

Provider

Type

Initial Rate

Initial Term

Overall Cost for Comparison

Max LTV*Product Fee 
Fixed

1.32%

Reverts to 3.75%

2

Years

3.50%

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.
Flexible Offset
(Purchase and remortgage)

4.00%

Reverts to 3.75%

N/A

3.70%

80%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.70% APRC. This is the cost of the mortgage over the full term.
*APR = Overall Cost for Comparison 

** Early repayment charges apply. A withdrawal fee of £150 will be payable once a full mortgage offer has been issued if the customer fails to complete. As a result of the introduction of the withdrawal fee, the product fee (where applicable) will be refunded to the customer up to the point of completion.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above mortgage products are a selection of deals available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you speak to an independent mortgage broker