NatWest First-Time Buyer mortgage among new offers

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www.moneynews.co.uk > Mortgages > NatWest First-Time Buyer mortgage among new offers

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NatWest First-Time Buyer mortgage among new offers

A new NatWest First-Time Buyer mortgage has been launched, with a rate of 5.29 per cent – 0.79 per cent above the Bank of England base rate.

The product comes with no higher lending charges, no arrangement fees and a free valuation facility – all of which the bank claims can "save customers thousands in fees".

These options are available on this offer between 90 and 95 per cent loan-to-value (LTV) with ten per cent annual overpayment options and early repayment charges of three per cent for the opening two years.

The rate on the NatWest First-Time Buyer mortgage is variable until July 31st 2008.

A Two-Year Fixed-Rate Buy-to-Let mortgage was also launched, with a rate of 4.99 per cent until July 31st 2008 and tapered early repayment charges of two and one per cent.

This offer has a ten per cent annual overpayment option, a £695 arrangement fee and is available up to 80 per cent LTV.

The first-time buyer option of these two offers has an annual percentage rate (APR) of 6.6 per cent and the fixed-rate option carries an APR of 7.1 per cent.

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