NatWest undercutting market with 1.19% two-year fix for purchases and remortgages

by Aaron Strutt

Apr 25 2020

Trinity Financial has access to some fantastically priced fixed rates particularly for borrowers with 15%+ deposits.

NatWest for Intermediaries has the most competitively priced two-year fixed rate priced at 1.19% for property purchases and remortgages. After the fixed period the mortgage reverts to the lenders 3.59% standard variable rate. The overall cost for comparison is 3.8% APRC.

This rate is available for smaller and larger mortgage loans and applicants will need a 40% deposit to qualify. There is a £995 arrangement fee and borrowers with a basic minimum income of £75,000 can secure interest-only and lower their monthly costs. 

Aaron Strutt, product director at Trinity Financial, says: "Many of the mortgage lenders are still offering sub-1.5% deposit rates for borrowers with larger deposits and there is a selection of lenders offering five-year fixes below 1.50%. They typically have £999 arrangement fees."

Call Trinity Financial on 020 7016 0790 to secure a mortgage