Natwest launches limited edition direct-only mortgage

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Natwest launches limited edition direct-only mortgage

Natwest has launched its first direct-only mortgage – available only to those customers who apply online or over the phone.

The two-year fixed-rate package is available at a competitive rate of 5.79 per cent and is available for a limited period of time only.

The Natwest mortgage has a loan-to-value rate of up to 75 per cent and an annual overpayment option of ten per cent without the incurring of early repayment charges.

Gary Aldwinckle, head of mortgages at Natwest, said: "Natwest is constantly looking to improve its mortgage range and offer customers a choice of how they do business with us, so we're pleased to be able to introduce this limited edition direct-only deal which is cheaper than our standard fixed rate."

"Pressure is high for competitive fixed rates and indeed consumers are becoming more demanding about the way they want to buy their financial products and shopping direct is increasingly popular," he added.

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