Available from Monday 5 November, the 10-year fixed rate deal is available at 5.79 per cent until 31 January 2018 and will be available up to a maximum LTV of 95 per cent with an arrangement fee of £999.
In addition, a 5-year fixed rate deal at 6.19 per cent until 31 January 2013 will be available up to a maximum LTV of 100 per cent with an arrangement fee of £999.
Chris Pearson, director of intermediary mortgages at Royal Bank of Scotland, said: “With the expectation that interest rates have topped out and the availability of longer term funding at pretty competitive rates, we are keen to offer brokers the opportunity to give their clients longer term stability.
"We see the longer term fixed rate market as one that will get more attention over the coming months and we want to be seen as one of the key players. By offering 100 per cent on our 5-year product we are opening the door for first-time buyers to nail down some certainty on their monthly repayments.”
RBS has also increased the competitiveness of its first-time buyers products by reducing rates across the board on those deals for LTVs between 95-100 per cent.
Details of the product changes:
Purchase
- RBS 2 year tracker no HLC (max LTV 100%) will be cut to 6.74% from 6.84% with a £799 arrangement fee until 31 January 2010.
- RBS 2 year fixed rate (max LTV 100%) will be cut to 6.79% from 7.29% with no arrangement fee until 31 January 2010
- RBS 3 year fixed rate FTB cashback (max LTV 100%) will be cut to 6.99 from 7.25% with no arrangement fee until 31 January 2011.
- RBS 2 year base rate tracker (max LTV 100%) will be cut to 6.35% from 6.45% with no arrangement fee until 31 January 2010.
- RBS 2 year base rate tracker no ERC (max LTV 100%) will be cut to 6.60% from 6.70% with no arrangement fee until 31 January 2010.
- First Active 2 year fixed rate online only (max LTV 75%) will increase to 5.95% from 5.90% with a £999 arrangement fee until 31 January 2010. .
- First Active 2 year fixed rate online only (max LTV 75%) will increase to 6.10% from 6.05% with a £499 arrangement fee until 31 January 2010.
- First Active 2 year fixed rate (max LTV 95%) will increase to 6.04% from 5.99% with a £999 arrangement fee until 31 January 2010.
- First Active 2 year fixed rate (max LTV 95%) will increase to 6.40% from 6.35% with a £499 arrangement fee until 31 January 2010.
- First Active 3 year fixed rate (max LTV 95%) will increase to 6.39% from 6.34% with a £799 arrangement fee until 31 January 2011.
- First Active 5 year fixed rate (max LTV 95%) will increase to 6.04% from 5.99% with a £799 arrangement fee until 31 January 2013.
- First Active 2 year discount (max LTV 95%) will increase to 5.90% from 5.85% with a £799 arrangement fee until 31 January 2010.
- First Active 3 year discount (max LTV 95%) will increase to 6.11% from 6.06% with a £799 arrangement fee until 31 January 2011.
