RBS and Natwest cut mortgage rates

www.moneynews.co.uk > Mortgages > RBS and Natwest cut mortgage rates

RBS and Natwest cut mortgage rates

Tue 5th Aug 2008

Natwest and the Royal Bank of Scotland have announced cuts to rates on fixed and tracker mortgages.

Rates have been cut by up to 0.30 per cent, with the prices on most fixed and tracker deals lowered by at least 0.10 per cent.

Natwest has also launched a three-year step down, fee-free tracker mortgage.

It has a decreasing rate of interest across the three years and enables customers to switch to a fixed rate mortgage after three months if they desire.

Andy Fell, director of branch mortgages at the bank, said: "In these uncertain times we are committed to helping borrowers who are looking for either their first mortgage or a new competitive deal."

The average price of a home fell by 8.1 per cent in July according to Nationwide Building Society, Bloomberg reported.

A confidence index based on a survey of 2,001 people also fell five points to minus 39 – the lowest since the survey started in 1974.

Click here for more mortgage news.

Related News : Mortgages
	Brits 'failing to grasp the importance of an interest in mortgages'
	BBA highlights mortgage lending growth
	Are interest-free mortgages a bad idea?
	Buy-to-let mortgages are 'more profitable'
	House price performance to impact lenders' criteria
	More Brits 'to choose long-term mortgages'
	Offset mortgages 'are the future'
	UK house prices 'set to fall'
	Hybrid mortgages 'are a good deal' for FTBs
	UK public expects house price increase

Related News : Housing market
	Nationwide housing market report 'shows little progress'
	Nationwide housing market report suggests people value rail proximity
	Halifax housing market study 'shows slowdown in price growth'
	Positive news for 'nearly all' UK regions, according to Nationwide housing market document
	Nationwide housing market research 'shows stable picture'
	Firstrung: Abolition of Hips 'has had no impact on housing market'
	CIH: Parents question children's ability to take out a mortgage
	Rightmove: UK house price growth slowing down
	Halifax highlights popularity of coastal properties
	Santander claims HIPs were 'headache' in the housing market

Related News : NatWest
	NatWest high interest savings account 'straightforward'
	NatWest encourages students looking for debt relief to budget
	Savings accounts provider RBS 'moving in the right direction'
	NatWest and RBS Platinum credit card 'even more competitive'
	RBS business finance events 'aiming to encourage growth'
	NatWest general finance advice offered to businesses
	New NatWest and RBS mortgages available at up to 60% LTV
	New NatWest and RBS fixed-rate bonds offer up to 3.5 per cent interest
	NatWest and RBS banking customers 'poised to see changes'
	NatWest and RBS 'aim to help businesses plan for the future'