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Natwest cuts mortgage rates
RBS has announced it will cut mortgage rates and introduce a new savings product in a bid to help borrowers and encourage first-time buyers to save for a deposit.
The deals, which will be available through RBS and Natwest branches from 30th April, will see mortgage rates drop by up to 0.30 with all new fixed mortgages lowered by at least 0.10 per cent.
A saving account will also be available, which will offer first-time buyers a tax-free cashback upon completion of a RBS mortgage.
Paul Geddes, chief executive officer of consumer banking at Natwest, said: "Today we are launching two initiatives to help borrowers looking for a new mortgage and for those saving for the deposit on their first home. We are giving practical support by providing lower rates."
The news comes as Nationwide also announced an offer aimed at helping first-time buyers, which consists of discounts on fees when they choose the building society's fixed rate or tracker mortgages.
The deals, which will be available through RBS and Natwest branches from 30th April, will see mortgage rates drop by up to 0.30 with all new fixed mortgages lowered by at least 0.10 per cent. A saving account will also be available, which will offer first-time buyers a tax-free cashback upon completion of a RBS mortgage.
Paul Geddes, chief executive officer of consumer banking at Natwest, said: "Today we are launching two initiatives to help borrowers looking for a new mortgage and for those saving for the deposit on their first home. We are giving practical support by providing lower rates."
The news comes as Nationwide also announced an offer aimed at helping first-time buyers, which consists of discounts on fees when they choose the building society's fixed rate or tracker mortgages.
Posted on: [ May 01, 2008 ]
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