Royal Bank of Scotland launches new fixed rates

In an announcement earlier today, RBS intermediary Partners announced the launch of three new fixed rate mortgage deals. RBS IP is the part of the RBS Group which provides the portal through which mortgage brokers submit applications to all RBS brands, which include First Active, the specialist remortgage lender, and Nat West for buy to let.

The new products consist of a five year RBS product for house purchase with an interest rate of 6.69% and two remortgage products with First Active. The First Active deals consist of a 6.84% two year deal which is available up to 90% of the property value, and a 6.69% five year deal which is available up to 75% of the property value. The two year online only fixed rate at 6.19% up to 75% of value has been increased to 6.39%.

Chris Pearson, director of intermediary mortgages at RBS, says,

"Talking to our business partners, there seems to be a requirement for some longer term deals within the range, so we have introduced a couple of competitively priced five-year fixed rate products.

"We are also pleased to report that brokers can expect a much improved service from RBS IP following a period of strong focus in this critical area of the business.

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