NatWest adds 75% LTV B2L deal to core range
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NatWest Intermediary Solutions is adding a 75% LTV fixed rate buy-to-let mortgage to its core range tomorrow and refreshing the rates on a number of its other products.
The new buy-to-let mortgage is a two year fixed rate for a maximum LTV of 75%, offering an initial rate of 5.79% with a £999 fee.
It is available to all intermediaries through its core range. In addition, the rate on its buy-to-let two year tracker 75% LTV purchase mortgage is being reduced by 1.20% to 4.59% and the rate on its buy-to-let two year tracker 75% LTV remortgage is being reduced by 1.30% to 4.59%.
Rates have been reduced by 0.20% on its two year fixed 80% and 85% LTV purchase and remortgage products to 4.19% and 5.09% respectively. Its two and five year 90% LTV fixed rate purchase mortgages have also been reduced by 0.20% to 5.99% and 6.29% respectively.
Rates will be increased on two core range products. The 18 month tracker 75% LTV will increase by 0.20% to 3.09% and the two-year remortgage tracker at 60% LTV will increase 0.30% to 2.79. The two-year remortgage tracker 60% LTV product in the corporate range will also see a 0.30% rise to 3.05%.
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Readers' comments (1)
Ancient Wisdom...is a mortgage broker in N3 | 2 Mar 2011 3:13 pm
..this is encuraging news from NWIS and we are seeing more products are coming through at lower LTV's.
This will inevitably offer buyers more mortgage options and hopefully encourage more buyers into the market.
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