NatWest mortgage rate cut
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Money News |
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NatWest mortgage rate cut
Wed 30th Apr 2008
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Customers singing up to five-year fixed-rate mortgages will receive the maximum 0.3 per cent benefit, while those opting for a two-year fix will receive a 0.1 per cent discount.
In addition, RBS has launched a First Home Saver Account, which has a rate of up to 3.75 per cent gross/AER and offers tax-free cashback of up to £5,000 upon completion of an RBS mortgage.
The account can be opened with £100 and customers must make minimum monthly deposits of £50 by standing order.
Paul Geddes, chief executive of consumer banking at the group, said: "Whilst 2008 has seen a shrinking mortgage market, we have actually increased the amount we have lent by 18 per cent and plan to continue this trend for the rest of the year."
A significant number of mortgage products have disappeared from the market over the last six months, including all 100 per cent loan-to-value mortgages.
Related News : Mortgages |
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Related News : NatWest |
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