Borrowers with smaller deposits pay 3.75 per cent, but must take out payment protection as well as buildings and contents insurance.
A 10-year fixed-rate mortgage has been launched at 7.59 per cent by TSB and National Westminster Bank.
NatWest also has a five- year fix at 6.99 per cent. The pounds 250 arrangement fee is waived for existing NatWest mortgage borrowers and all first-time buyers. TSB's loan has a pounds 295 fee.
NatWest has also extended the discounts on its 7.74 per cent variable loans.Reuse content