Royal Bank of Scotland launches new fixed rates

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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