New mortgages from Natwest and RBS
January 27, 2009 by Brendan O'Neill
News
Those doing their CeMAP training now or preparing for their Competent Advisor Status (CAS) will be interested to hear that the property market appears to be making a bit of a change for the better and two mortgage lenders looking to stir things up are the Natwest and Royal Bank of Scotland (RBS).
Both lenders have introduced new mortgages this week with a new range of fixed rate mortgages. These fixed rate mortgages vary in terms from two, three or five year deals and the interest rate starts at 3.49 per cent.
In addition, their tracker rate mortgages have also had their interest rates cut by as much as 0.65 per cent.
On top of this, the arrangement fees for the mortgages have also been cut.
Last week, the government increased its stake in RBS to 68 per cent and perhaps this is as a result of that move. Whatever the reason, these new mortgages can only be a step, albeit small, in the right direction for the property market and good news for mortgage advisors.
Written by
Brendan O'Neill
You may also interested in:
New recruits announced by April Mortgages
April Mortgages has begun the new year by announcing three new appointments, as it prepares for what it expects to be 12 months of significant growth.
Atom Bank planning expansion following relocation
Atom Bank has announced that it is planning to add to its mortgage teams, in the wake of
