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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