Rate Cuts For Tracker and Fixed Home Loans
Good news for home buyers comes from the Natwest Bank, where cuts of up to 0.3 percent have been announced on some of the fixed rate and tracker mortgages.
Although the headline cut is 0.3 percent this applies only to a small number of Natwest Bank mortgages, the majority seeing a reduction of 0.1 percent. Of course any reduction in interest rates has to be good news and should help some buyers get into the property they want.
A Natwest Bank spokesperson emphasised the fact that they are doing all they can to aid buyers, trying to provide mortgages that suit their needs and are affordable. This applies both to existing homeowners and first time buyers, both of whom need to be involved in any housing market development.