NatWest to launch products and cut rates
Tomorrow NatWest will launch buy-to-let products and reduce rates on selected buy-to-let products.
There will be rate reductions of up to 0.18% on buy-to-let deals, alongside the launch of NatWest’s simplified buy-to-let calculator.
Mark Bullard, head of sales said: “We have taken this opportunity to reaffirm our commitment to the buy-to-let market by offering reductions on our 2 and 5-years deals across our exclusive and core ranges.
“The launch of our new buy-to-let calculator alongside the rate changes to our purchase and remortgage ranges demonstrates our commitment to the broker market.”
There will be a 2.45% 5-year fixed rate buy-to-let exclusive for purchases. It’s available at 70% loan-to-value (LTV) and comes with a £995 product fee.
Intermediary exclusive buy-to-let rates will be cut from 0.02% to 0.18% on 2 and 5-year deals for purchases and remortgages, available from 60% to 75% LTV.
Furthermore,within its core range for buy-to-let there will be rate reductions of 0.02% to 0.18% on 2 and 5-year purchase and remortgage products, available from 60% to 75% LTV.