NatWest is launching a new 90 per cent LTV first-time buyer mortgage tomorrow with a five year fixed rate.
The mortgage comes at an initial rate of 4.79 per cent with no product fee and is available to all intermediaries. At the end of the initial rate period, the rate reverts to 4 per cent.
NatWest Intermediary Solutions’ head of sales Mark Bullard says: “We know from conversations with our business partners that they have been really keen to have a deal of this kind for the first time buyer market so I am delighted that we have been able to add this to the current account range we launched earlier this week.”
The five year fixed rate is part of the recently launched current account range and is only available to applicants with an active NatWest or RBS current account that was open on July 1 2012 and at the time the application is accepted