The best mortgage for those with a low deposit?
NatWest launches its best mortgage yet for low deposit buyers.
For buyers with less then 20% as a deposit, NatWest has released several new 2 year fixed rate mortgages.
NatWest's new fixed range is available to applicants who hold an active NatWest or RBS current account. The only stipulation is that your account must remain active during the application process, and must still be active when the mortgage is approved.
The lender's best mortgage rates for lower deposit buyers start at 3.99%, and are available for both new property purchase and remortgage.
For 80% loan to value a 2 year fix is offered at 3.99% with fees of £995, for those looking for a fee free deal a rate is on offer at 4.29%.
For those with a smaller 10% deposit, a 2 year fixed rate mortgage is available at 5.75% with fees of £995. A 2 year tracker is on offer at 3.79% plus base for 80% loan to value fee free.
NatWest has also released a range of lower deposit 5 year fixed rate mortgages.
A rate of 4.59% is offered for 80% loan to value with fees of £995and a rate of 4.89% is offered fee free. For 90% loan to value a rate is on offer at 6.09% with a £995 fee.
A NatWest spokesperson commented saying that by adding new high loan to value mortgages to its current account range, it is making an extensive range of mortgages available to even more customers.
To review the best mortgage offers available from throughout the market call Deal Direct.
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