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NatWest launches 1.74% fixed rate

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21/05/2013
NatWest Intermediary Solutions is to offer a two-year fixed rate product at 1.74% exclusively through Legal & General advisers.
NatWest launches 1.74% fixed rate

The 1.74% mortgage is available up to 60% loan to value (LTV) with a £1,995 fee and is currently the lowest two-year fixed rate product on the market. The product will be available through all Legal & General Appointed Representatives and Nouveau firms.

Earlier this month NatWest cut the headline rate on its two-year fix to 1.95% for all mortgage brokers.

Other exclusives available from today include an 85% LTV product at a rate of 3.39% with a £995 fee.

New product range:
• 1.74% rate and 60% LTV for home purchases with a £1,995 fee
• 3.39% rate and 85% LTV for home purchases with a £995 fee
• 4.49% rate and 90% LTV for home purchases with £0 fee
• 1.74% rate and 60% LTV for remortgaging with a £1,995 fee
• 3.39% rate and 85% LTV for remortgaging with a £995 fee

Martyn Smith, head of mortgage products at Legal & General Network, said: “The 60% LTV exclusive compliments NatWest’s core offering and offers fantastic value for mortgages over £125,000.

“The 85% deal fills a gap in the NatWest range and the 90% product is the lowest no fee rate available for borrowers with just a 10% deposit.”

Martese Carton, senior corporate account manager at NatWest Intermediary Solutions, said: “Having a wider selection of products at all LTV bands will give more choice to first-time buyer, second mover and remortgage customers. .”

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