A new RBS two year fixed rate purchase mortgage is being added to the core range offering an initial rate of 4.29% for a maximum loan to value (LTV) of 70%. It’s also reducing the rate on its 80% LTV two year fixed rate purchase deal from 5.99% to 5.59%.
Three new exclusive RBS purchase deals are being introduced for a number of its corporate partners. Two of these deals are aimed at the first-time buyer market - a three year fixed rate 85% LTV mortgage offering an initial rate of 6.29% with no arrangement fee and a three year fixed rate deal specifically for applicants using the Government-backed shared equity schemes offering an initial rate of 5.59% with a £199 arrangement fee. The other exclusive deal is a two year fixed rate 75% LTV mortgage offering an initial rate of 4.59%.
There are also two First Active remortgage exclusives being offered – a two year fixed rate 70% LTV deal with an initial rate of 4.19% and a no fee 2 year fixed rate 80% deal with an initial rate of 5.79%. In addition, rates are being reduced on First Active’s two and three year fixed rate remortgages.
