RBS and NatWest have cut rates again, now offering rates at 2.74% for a five-year fix and 1.78% for a two-year fix. Both deals are for customers with a 30% deposit and come with a £995 fee.
Rates have been cut on the majority of its range of residential fixed rates, and base rate tracker mortgages. They’re also reducing rates for their higher LTV products, to support first time buyers and customers with smaller deposits.
Lloyd Cochrane, head of mortgages at RBS and NatWest, said: “I’m delighted to be able to offer lower rates to customers and some of the best rates in the market today.
“We want to continue to help as many customers as possible to buy their home or save money on their mortgage as we play our role in the recovery and the future growth of the UK.”
RBS and NatWest’s gross new mortgage lending to customers in 2014 was £19.7bn, an increase of 37% on 2013. Mortgage balances increased by £3.9 billion or 4%, to £103.2 billion.