NatWest IS cuts shared equity rate

The rate has reduced to 4.49% from 4.99% and the LTV has increased from 70% to 75%. The rate is fixed until 31 March 2012 with a £199 arrangement fee. Overpayments of up to 10% of the outstanding balance each year can be made and the early repayment charge is 3% up to 31 March 2012.