Natwest launches fixed rate deals

These include 4.75% for two years and 5.35% for five years. There are no tie-ins beyond the fixed rate period. The new packages are available immediately for both existing and new customers. There are also no legal and valuation fees on the new two and five-year fixed rate re-mortgage packages.

On a Capital & Interest mortgage of £100,000 the monthly repayment on the 4.75% (5.9% APR) fixed rate would be £570.12, the same mortgage taken on the standard variable rate of 5.84% (6.1% APR) would cost £634.56, a saving of £64.44 per month or £773.28 over 12 months.

Length of fixed rate Percentage loan to value Interest Rate APR

Monthly Savings* Redemption charge 2 Years Up to 95% 4.75% 5.9% £64.44

Yes - during fixed rate period only

5 Years Up to 95% 5.35% 5.9% £29.40

Yes - during fixed rate period only

Booking fee £295. Capital repayment over 25 years. *Savings compared to a 5.84% standard variable rate mortgage of £100,000.

For more information on NatWest's mortgage range call 0800 400 999 or visit any NatWest branch.