RBS two-year mortgages launched

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RBS two-year mortgages launched

Tue 3rd Apr 2007

The Royal Bank of Scotland (RBS) has announced details of a series of new two-year mortgage deals.

For those people who want certainty over their monthly repayment amounts, the group's new two-year fixed-rate deal at 5.19 per cent, with a loan-to-value rate of 75 per cent, could be the perfect solution.

The RBS two-year base rate tracker, currently 0.30 per cent below the base rate at 4.95 per cent, will also allow homeowners to benefit from any fluctuations in the base rate.

Those people who have already paid off part of their mortgage can take advantage of a competitive two-year 4.99 per cent rate, with a loan-to-value rate of 50 per cent.

An offset product in the RBS mortgage range has also had its fee reduced from £245 to £100.

Darrell Evans, commercial and product director at RBS Mortgages, said: "With some uncertainty on what will happen to interest rates, home buyers and re-mortgagers will be looking for the best deal possible.

"We've provided a great choice of competitive deals to match the needs of either first-time buyers, switchers or those re-mortgaging," he added.

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