Fixed and Tracker Home Loans See Rate Cuts

Published: 8/6/2010

The Natwest Bank has announced a reduction to its tracker and fixed rate mortgage rates with cuts of up to 0.3 percent.

Most of the Natwest Bank mortgages have seen rate reductions of 0.1 percent, though a small number have had the full 0.3 percent taken off them, something anyone looking for a mortgage will appreciate. The bank has also introduced a three year tracker that steps down on its rate each year.

A spokesman discussing the rate cuts stated that the Natwest Bank was committed to doing what it could for borrowers in what are difficult times. They are pleased to be able to help both first time buyers and those moving on, feeling that both parts of the housing market need to be helped in order for growth to be seen.