Cash offer with NatWest loans

NATIONAL Westminster Bank is offering pounds 250 cash with its new competitively priced, fixed-rate mortgages.

During May buyers with a deposit of at least 25 per cent will receive pounds 250.

The rates are fixed at 6.89 per cent until April 1996, 8.49 per cent until April 1999 and 8.99 per cent for a 10-year loan.

Halifax Building Society has increased its fixed-rate home loans. The two-year rate until August 1996 is 7.75 per cent, three years 8.25 per cent, four years 8.75 per cent and five years 9.25 per cent.

The moves come as demand for mortgages is soaring.