NatWest Base Rate Tracker mortgage among new offers

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NatWest Base Rate Tracker mortgage among new offers

A NatWest Base Rate Tracker mortgage is one of three new deals unveiled today, with an interest rate of 4.29 per cent variable until July 2008 and an arrangement fee of £699.

The bank claims that this rate makes its deal – which is available at up to 75 per cent loan to value (LTV) – a market leader.

There are also two new limited edition fixed-rate packages available for both homebuyers and customers wanting to remortgage.

For borrowers looking for an ordinary mortgage the offer is available with a fixed rate of 4.49 per cent with 75 per cent LTV and a booking fee of £695. Remortgage customers will be offered a rate of 4.69 per cent as well as free legal and valuation fees.

Guy Aldwinckle, head of NatWest mortgages, said: "NatWest is constantly looking to improve its mortgage range and is pleased to be able to introduce these limited edition deals."

The NatWest Base Rate Tracker mortgage and fixed-rate products offer an option to overpay a maximum of ten per cent of an outstanding mortgage balance per year without encountering an early repayment charge.

Early repayment charges will be three per cent on the base rate tracker deal and two and one percent respectively in the first and second years of the fixed-rate offers.

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