NatWest shakes-up buy-to-let range

  • Story by: Catherine Couch
  • Magazine: MortgageAdviser
  • Published Thursday , May 15, 2008

NatWest has launched a new fixed-rate buy-to-let mortgage (BTL) and reduced the rates on two of its existing buy-to-let (BTL) products.

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The new product has a two year fixed-rate of 6.74 per cent and is available up to 75 per cent loan-to-value (LTV).

It also comes with a £1,499 arrangement fee.

NatWest has reduced the rate on its existing two-year fixed rate buy-to-let (BTL) product from 7.09 per cent to 6.99 per cent and reduced the arrangement fee from £2,499 to £1,499.

The two-year tracker product has had its rate cut from 7.09 per cent to 6.99 per cent and the arrangement fee from £2,999 to £1,999.

Graham Felstead, head of corporate accounts for RBS Intermediary Partners said: "While the market is still challenging, the buy-to-let sector is still offering encouraging opportunities.

"Our business volumes are now at much more manageable levels allowing us to ease the rates on existing products and introduce a very competitively priced new one."