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RBS launches mortgage options for spring

April 3, 2007 by admin  
Filed under News, News-Mortgages

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The (RBS) has announced a number of new mortgage offers for the coming season, including a two-year fixed-rate deal at 5.19 per cent.

This package is available to cover up to 75 per cent of the value of a property and charges a product fee of £499. RBS states that this offer will suit homeowners and remortgage customers who like to know what their monthly repayments will be.

A two-year base-rate tracker mortgage has also been unveiled, currently priced at 4.95 per cent – 0.3 per cent below the Bank of England base rate – with a fee of £999.

Completing the new portfolio of products is a deal for people who have already paid off a chunk of their mortgage. This offer is available with a two-year fixed of 4.99 per cent, for loans covering up to 50 per cent of the value of a home.

This package is only available to existing RBS current account holders.

Darrell Evans, commercial and product director for RBS Mortgages, said: “With some uncertainty on what will happen to interest rates, home buyers and remortgagers will be looking for the possible.

“We’ve provided a great choice of competitive deals to match the needs of either first-time buyers, switchers or those remortgaging.”

Tags: bank of england base rate, RBS launches mortgage, economics, best deal, remortgaging, Royal Bank of Scotland, new mortgage offers

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