Natwest updates buy-to-let range
The new 5-year buy-to-let purchase and remortgage deals include a 60% and 75% LTV mortgage at 3.99% and 4.39%, both with a £1,995 product fee.
Mark Bullard, head of sales at NatWest Intermediary Solutions, said: “Research we conducted at the turn of the year showed that brokers had enjoyed a good last quarter of 2013 for buy-to-let business and the vast majority were optimistic that they would see an increase in the amount of buy-to-let cases they will be writing this year.
“The launch of these two new 5-year deals is a direct response to feedback we received from many of our intermediary partners who informed us that there was a significant demand from landlords for longer term fixed rate deals.”
Other buy-to-let deals which have been reduced rates are two 2-year tracker rates at 3.29% with a 1,995 product fee and 4.15% with no fee, both at 75% LTV.
On its 2-year fixed mortgages rates decreased to 3.39% at 75% LTV with a £1,995 product fee, and 4.25% at 75% LTV with no product fee.