RBS INTERMEDIARY PARTNERS ANNOUNCES RATE CHANGES

RBS INTERMEDIARY PARTNERS ANNOUNCES RATE CHANGES



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On 6 September, RBS Intermediary Partners will be introducing new rates on a number of its fixed rate and tracker mortgages.
 
Remortgage
§         First Active 2 year fixed rate (max LTV 75%) will be reduced to 6.34% from 6.54% with no arrangement fee until 31 October 2010
§         First Active 5 year fixed rate (max LTV 75%) will be reduced to 5.94% from 6.14% with a £699 arrangement fee until 31 October 2013
§         First Active 2 year tracker (max LTV 75%) will increase to 5.84% from 5.74% with a £999 arrangement fee until 31 October 2010
 
First Active - remortgage

Product name
Initial rate
Initial period
Product /
arrangement fee
Max LTV
Min Loan
APR
2 year fixed
 
6.34%
31/10/10
£0
75%
£10K
7.3%
5 year fixed
 
5.94%
31/10/13
£699
75%
£10K
7.0%
2 year tracker
 
5.84%
31/10/10
£999
75%
£10K
7.4%

 
For all First Active residential remortgage products there are no basic legal or valuation fees. Overpayments of up to 10% of the original balance per annum are allowed during the initial deal period.
 
Purchase
§         RBS 2 year fixed rate (max LTV 75%) will be reduced to 5.74% from 5.99% with a £999 arrangement fee until 31 October 2010.
§         RBS 2 year fixed rate (max LTV 90%) will be reduced to 6.79% from 6.99% with no arrangement fee until 31 October 2010.
§         RBS 5 year fixed rate (max LTV 90%) will be reduced to 6.29% from 6.49% with a £999 arrangement fee until 31 October 2013.
§         RBS 2 year tracker (max LTV 90%) will increase to 6.24% (BoE rate +1.24%) from 6.19% (BoE rate + 1.19%) with a £999 arrangement fee until 31 October 2010.
 
RBS - purchase

Product name
Initial rate
Initial period
Product /
arrangement fee
Max LTV
Min Loan
APR
2 year fixed
 
5.74%
31/10/10
£999
75%
£25K
7.3%
2 year fixed
 
6.79%
31/10/10
£0
90%
£25K
7.4%
5 year fixed
 
6.29%
31/10/13
£999
90%
£25K
7.2%
2 year tracker
 
6.24%
31/10/10
£999
90%
£25K
7.4%

 
Overpayments of up to 10% of the outstanding balance per annum are allowed during the initial deal period.
 

ONLY FOR USE BY MORTGAGE INTERMEDIARIES
 

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