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Natwest set to overhaul buy-to-let range

Mortgage Solutions
Written By:
Posted:
May 15, 2014
Updated:
May 15, 2014

Natwest is set to launch twelve buy-to-let products for purchase and remortgage transactions available for amateur landlords for loans up to 75% loan-to-value, tomorrow.

Exclusive to intermediaries are six three-year fixed rates ranging from 3.09% at 60% LTV with a product fee of £1,995 to 4.49% at 75% LTV with no product fee.

And Natwest has cut rates on many of its existing buy-to-let deals up to 64bps.

Mark Bullard, head of sales at NatWest Intermediary Solutions, said: “We have had a very good response to the improvements we have introduced to our buy-to-let proposition in the last six months.

“The optimism for growth in this sector that our research identified at the end of 2013 appears to have been correct as buy-to-let volumes having increased in the first few months of this year.”

Further highlights include;

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– two-year fixed rate 2.99%, 70% LTV, £1,995 product fee 

– two-year fixed rate 3.99%, 70% LTV, no product fee

– three-year fixed rate 3.45%, 70% LTV, £1,995 product fee (exclusive to    intermediaries)

– five-year fixed rate 4.09%, 70% LTV, £1,995 product fee

– two-year tracker 3.59%, 70% LTV, no product fee