- 5 May 2010
To help make buying a home more affordable, NatWest has trimmed its mortgage rates and is offering £1000 cash back to new or existing Advantage Account customers who take out an owner-occupied mortgage. Advantage Account benefits include discounted Home Insurance.
For those wishing to take their first step on the property ladder, the First Time Buyer residential mortgage is available with a two or five year fixed mortgage rate. Buyers are required to provide a minimum deposit of 10%, depending on the type of property they wish to purchase, with a maximum loan of £375,000 and should remember that their home is at risk if they do not keep up on their mortgage repayments.
NatWest’s mortgage rates are also available to locals with existing mortgage commitments. Up to 85% loan to value and £1000 cash back is currently available to those who remortgage to NatWest and hold or open an Advantage Account.
Andy Morton, Area Manager at NatWest, commented:
“The local mortgage market has been under considerable pressure over the past two years but we hope the cash incentive, offered for a limited period, coupled with competitive rates will attract more homebuyers to the market.”