In addition, there will be three further semi-exclusive deals - a two year fixed rate remortgage, a 5 year fixed rate purchase and a 2 year fixed rate buy-to-let mortgage. A new three year fixed rate remortgage is also being introduced to its core range.
The launch of these semi-exclusive deals is in response to the feedback received from advisers about the need for more intermediary-only products and more options as clients increasingly move towards base rate tracker mortgages.
The new products are:
- First Active 3 year fixed rate remortgage at 5.69% (2.79% SVR, 3.7% APR), 75% LTV with a £799 fee until 31 October 2012 – core range.
- First Active 2 year fixed rate remortgage at 5.99% (2.79% SVR, 3.5% APR), 80% LTV with a £999 fee until 31 October 2011 – exclusive for Sesame, L&G and Personal Touch.
- RBS 18-month base rate tracker purchase at 3.59% (BoE rate +3.09%) (4.0% SVR, 4.2% APR), 75% LTV with a £999 fee until 30 April 2011 – exclusive for Sesame, Personal Touch and Connells.
- RBS 5 year fixed rate purchase at 6.59% (4.0% SVR, 5.4% APR) 85% LTV with a £999 fee until 31 October 2014 – exclusive for L&G, Personal Touch, Connells and Openwork/Your Move.
- NatWest 2 year fixed rate buy-to-let at 6.79% (4.5% SVR, 5.4% APR) 75% LTV with a £1,499 fee until 31 October 2011 - exclusive for Sesame and Personal Touch.
Steve Carruthers, head of corporate accounts, commented: “I am delighted to be able to announce this new range of deals for our business partners. Having held detailed discussions with them about the development of new products, and the challenge of doing things differently, it is pleasing to deliver a number of new competitively priced products, such as the 18-month tracker deal, exclusively for the intermediary channel. We will continue to work closely with our intermediary partners so that we can develop more ideas to help them attract business from existing and new clients.”
