NatWest has had to increase the rate of a competitive mortgage deal – because it has proven too popular.

The 5-year fixed rate mortgage had an interest rate of 2.95% but that went up to 3.09% on 11 September. The product was only launched on 30 July.

A spokesman said, “It has been a popular product and you have to balance the mix of business you receive as a lender in order to maintain service standards.” Basically, that means NatWest have had to increase the very competitive rate to quash interest.

Who says no one is lending money?

And it’s not just some lenders who are proving popular – Limetree Financial Services are pleased to report that we doing record levels of business with our new team.

For the most competitive mortgage deal, call Limetree today.

Posted in First Time Buyers, Mortgages, Next Time Buyers, Remortgaging