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NatWest launches two new capped rate mortgages

NatWest Mortgage Services is launching two fixed-rate mortgages with pre-determined dates for the borrower to switch out of the deal.


One mortgage is fixed at 5.99 per cent for 3 years and the other at 6.29 per cent for 5 years. Both allow borrowers to repay in full or make a capital reduction in the last month of the fix with no early redemption charge.


Managing director George Wise says: &#34Customers can take advantage of a longer term rate safe in the knowledge that if they wanted to come out of the deal in the future they can do so at no or a much reduced cost.&#34

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