Rates hiked across RBS, NatWest and First Active brands

  • Story by: Catherine Couch
  • Magazine: MortgageAdviser
  • Published Thursday , July 03, 2008

RBS Intermediary Partners has launched two fixed rate mortgages for first-time buyers and increased its rates across the Royal Bank of Scotland (RBS), NatWest and First Active brands.

Advertising

The new products include a two-year fixed rate from RBS at 7.29 per cent with no arrangement fee. It is available up to 90 per cent loan-to-value (LTV).

The second new product is a five-year fixed rate from NatWest at 6.89 per cent with a £1,499 fee and maximum LTV set at 75 per cent.

The increases across the brands range from 0.10 per cent to 0.20 per cent.

Chris Pearson, director of intermediary mortgages, for RBS, said: "The cost of funding and the management of service levels are still the two most dominant factors in the management of our product ranges.

"While we have made great strides in improving our processing times for fully packaged applications we must continue to keep a close eye on the ball.

"However, I am pleased that we continue to offer some very attractive deals across all our intermediary brands."