Mortgage rate on ice

NatWest has promised there will be no increase in the mortgage rate until after the new year. It has a range of fixed rates, ranging from 6.99 per cent until July 1996 to 9.99 per cent until either 1909, 2014 or 2019.

Yorkshire Building Society offers a fee-free remortgage deal with a cashback of 3 per cent for loans up to 75 per cent of property value and 1.5 per cent for larger percentage loans, at the variable rate of 8.14 per cent. It will also refund valuation and legal fees up to £200 each.

First Mortgage Securities has a 9.99 per cent four-year capped rate for loans up to 75 per cent of valuation, which has a fee of £295

The Mortgage Business has a two-year cap at 6.99 per cent with a £299 fee, and Citibank Mortgages a one-year cap at 5.45 per cent with a £195 fee.

The fixed rates on offer include 1.7 per cent until October 1995 from Yorkshire Building Society with a £250 fee; and 4.64 per cent until July 1996 from Britannia Building Society.