Royal Bank of Scotland has launched a new range of variable tracker rate mortgages.
Option 1: rate of 3.99% fixed to 31 March 2011. The maximum loan is 60% of the property value and the fee is £1799. Option 2: offers a rate of 4.14%, fixed to 31 March 2011. The maximum loan for this mortgage is 75% of the property value and the setting up fee is £1,799.
The mortgages have no tie-in and are linked to the Bank Base Rate (currently 1.5%) plus a loading. There are also incentives for remortgages such as free valuation and legal fees.
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