Press Room

NatWest Launches New Range of Remortgage Deals For Intermediaries
(25 February 2005)

With 1.2 million mortgages predicted to come to the end of their offer period this year, remortgage deals are forecast to account for 44% of new mortgages in 2005*. As part of its new remortgage campaign, NatWest today launches a new range of remortgage rates for the intermediary market. This further underlines NatWest's commitment to make eye-catching mortgage deals available to new and existing customers alike.

The range of new attractive remortgage deals includes a 4.98% Bank Base Rate +0.23% tracker, variable until 31 December 2006. There are no tie-ins beyond the end of the tracker period. The new packages, which are available immediately are:

Remortgage Deals
Deal Percentage loan to value Interest Rate APR End date
Bank Base Rate +0.23% tracker Up to 85% 4.98% 6.8% variable 31/12/2006
1 year Discounted rate Up to 95% 3.99% 6.8% variable 30/06/2006
Buy-to-Let Lifetime tracker
Bank Base Rate +0.99%		 Up to 80% 5.74% 6.0% variable Lifetime of mortgage

Charles Haresnape, Director of Mortgage Sales at NatWest Mortgage Services, said: "I am delighted to announce that NatWest is launching a remortgage campaign to the intermediary market. At NatWest, we realise that it is more important than ever to continue to offer attractive remortgage deals. Our new products pay rates starting at 3.99% and offer excellent value. It will enable our intermediary partners to offer attractive deals to many of their clients."

For more information on NatWest's mortgage range call 0845 302 0192 or visit natwest.com/intermediaries.

Notes to Editors:

  • Further rate information:
    Rates
    Product Interest Rate Followed by NW SVR ERC Notes
    4.98% currently 6.79% 2% until 31/12/2006 Free legal and val., no remittance fee 10% overpayment without charge per annum, minimum loan £30,000
    3.99% currently 6.79% 2% until 30/06/2007 £395 arrangement fee. Minimum loan £50,000
    5.47% n/a 1% until 30/06/2007 £200 arrangement fee. Cannot be combined with a non- Buy to Let rate

  • Only for use by Mortgage Intermediaries authorised by the FSA - conditions apply.
  • National Westminster Bank Plc. Registered in England No. 929027. Registered Office: 135 Bishopsgate, London EC2M 3UR.

* Source: CML Market Forecast, December 2004.