23 Jan

Bank unveils new fixed mortgages

Bank unveils new fixed mortgages

A series of fixed-rate mortgage cuts have been unveiled by the Royal Bank of Scotland Group.

The new range includes reductions of between 0.3 per cent and 0.65 per cent, with the largest trimming being applied to the two-year fixed-rate available at a loan-to-value (LTV) of up to 75 per cent, which is now on offer at 3.49 per cent.

Most of the deals have also had their fees slashed by £200, while the three-year fixed deal fee has dropped by £500.

In addition to the reductions to fixed-rate deals, the group has also lowered the costs of its two-year trackers.

These have seen cuts of 0.4 per cent for the 75 per cent LTV deal and 0.25 per cent for the 60 per cent deal, with both having their fees trimmed by £800 to £999.

Yesterday Abbey announced that it is lowering its fixed-rate deals for two, three and five years by up to 0.25 per cent.

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