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Friday, 27 April 2012 15:51

Weekly Mortgage News 27-4-2012 Featured

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Introducing new products from three lenders. Natwest, Coventry Building Society and Woolwich

 

NatWest release exclusive current account mortgage products

 
NatWest and RBS current account holders can benefit from these new and exciting products, these deals are exclusively available through intermediaries and are only available for customers who operate their main current account with either NatWest or RBS.
 
The exclusive products offer:
 
2 year fixed rate 2.89%, 60% LTV with a £999 fee, purchase only
2 year fixed rate 3.29%, 75% LTV with a £999 fee, purchase only
 
To be eligible for either of these deals, you must already have an active NatWest or RBS current account into which they have paid a minimum of the last three months’ salary, of at least £1,000 a month.
 

Coventry release more competitive fixed rate options

Coventry Building Society have reduced their rates further this week by releasing a highly competitive fixed rate product, Fixed at 3.18% for 2 Years (to 30.06.14):
 
Up to 65% LTV
Includes one mortgage valuation of up to £670
Includes their Remortgage Transfer Service
Booking fee £199, arrangement fee £800
ERCs of 3% of the balance to 30.06.14 apply
 

Woolwich release new fixed rates to beat SVR increases

With 1.2m mortgage holders set to receive a SVR payment shock from the 1st May, many existing mortgage borrowers will be looking to switch to a more stable fixed rate.
 
The recent headlines around SVR increases should stimulate fixed rate interest amongst customers and the new products detailed below may just be the ideal tonic for those looking for short term payment security and longer term mortgage flexibility.
 
The Great Escape
 
New! 2 Year, 3.89%, £0 fee, 70% LTV, min loan £100k, follow on rate BBBR + 3.39%.
 
Loyalty Mortgage
 
New! 2 Year, 3.49%, £499 fee, 60% LTV, follow on rate BBBR + 3.39%.
New! 2 Year, 3.59%, £499 fee, 70% LTV, follow on rate BBBR + 3.39%.
 
Core
 
New! 2 Year, 3.49%, £999 fee, 60% LTV, follow on rate BBBR + 3.39%.
New! 2 Year, 3.59%, £999 fee, 70% LTV, follow on rate BBBR + 3.39%.
New! 3 Year, 3.89%, £499 fee, 70% LTV, min loan £25k, follow on rate BBBR + 3.39%.
Last modified on Friday, 27 April 2012 17:28
Adam

With over 4 years industry experience and possessing a full CeMAP qualification, Adam is our resident Mortgage & Protection Adviser. His market experience and product knowledge helps us keep up to date with industry news and delivers a ‘real life’ insight into the financial services sector. Adam can be reached at adam@gmfinancialsolutions.co.uk

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