NatWest & RBS launch lower fixed rate mortgages from 3.99 per cent

The Bank is replacing a number of their fixed rate mortgages from the same date, with new deals reducing by as much as 0.70%. Customers can choose between 2, 3 and 5 year deals.

Purchase and remortgage deals:

Mortgage details Rate from 15 January - LTV - Fee - Rate Reduction

2 year fixed 3.99% 60% £799 -0.60%

2 year fixed 4.14% 75% £999 -0.70%

2 year fixed 5.79% 85% £999 -0.35%

2 year fixed 6.39% 90% £999 -0.25%

3 year fixed 4.49% 75% £999 -0.30%

5 year fixed 4.89% 60% £499 NEW

5 year fixed 5.99% 85% £499 -0.25%

5 year fixed 6.49% 90% £499 -0.25%

Early repayment charges will apply

Announcing the new mortgage deals, Andy Fell, Director of Branch Mortgages commented: "We believe this attractive new range of fixed rates gives us a great opportunity to help our customers secure lower rates and potentially save some money on their monthly repayments. We remain committed to helping our customers and supporting them by offering a range of competitive deals during these challenging economic conditions."

Customers holding a NatWest or RBS packaged account can benefit further with 30% off selected product fees. For full details visit www.natwest.com and www.rbs.co.uk.