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NatWest adds 0.14% to 2.95% 5-year fix to stem demand

NatWest Intermediary Solutions is increasing its 2.95 per cent five-year fixed rate mortgage up to 60 per cent LTV by 14 basis points to 3.09 per cent.

The lender launched the product, which has a £2,495 arrangement fee, on 30 July, after both HSBC and Santander launched direct-only five-year deals at 2.99 per cent up to 60 per cent LTV.

Brokers have until 10.30pm tonight to produce KFIs and submit applications online for the existing deals.

The supporting documentation for online applications must be received by the lender’s mortgage centre in Birmingham by close of business on 25 September.

The lender is also withdrawing three two-year trackers. The 3.19 per cent, 3.5 per cent and 3.89 per cent trackers are available at 60 per cent, 75 per cent and 80 per cent respectively.

A spokesman says: “It has been a popular product and you have to balance the mix of business you receive as a lender in order to maintain service standards.”


Average fee has shot up by 70% over four years

The average mortgage fee has shot up 70.3 per cent in the past four years, according to research from Prior to the base rate falling to 0.5 per cent in March 2009 the data firm says the average mortgage fee was £899 – it now stands at a whopping £1,514. The average two-year fixed […]

Aldermore signs up for NewBuy scheme

Aldermore last week became the sixth lender to join the Government-backed NewBuy scheme with a choice of two and three-year fixed rates at 5.48 per cent. Initially, it will be making its NewBuy products available via Fairview New Homes Limited, which has developments located throughout the South and East of England. The full status loans […]

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Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.


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  • Fat Mortgage Bloke 12th September 2012 at 9:00 am

    Give us a chance lads..I am out golfing then a steak dinner with me BDM today!!!