NatWest launches leading 1.99% three-year fixed rate mortgage
NatWest for Intermediaries has launched one of the most competitively priced three-year fixed rates available across the mortgage market.
Their 1.99% three-year fix is available to borrowers with a 40% deposit and it has a £1,495 arrangement fee. The maximum loan size for property purchases and remortgages is £750,000.
After the fixed rate finishes, the mortgage reverts to 4% - the lender’s current standard variable rate. The overall cost for comparison is 3.7% APR.
Aaron Strutt, product manager at Trinity Financial, says: “NatWest’s three-year fix is highly competitive but it is still 0.5% more expensive than their new two-year fix.
“NatWest do not offer interest-only mortgages anymore, so if you wanted to access one of their fixed rates it would have to be on a full capital-repayment basis.
“The monthly repayments on a £500,000 mortgage would be £2,116.84 over a 25-year term.”
If you would like help to secure a leading mortgage, call Trinity on 020 7016 0790.
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