NatWest cuts BTL rates by up to 0.55%
Tomorrow, NatWest Intermediary Solutions will be making some significant rate reductions to its buy-to-let mortgages as well as cuts to a selection of its lower LTV residential deals.
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The buy-to-let deals will see reductions of between 10-55bps across its 2, 3 and 5 year fixed rate and 2 year tracker products.
Its two-year fixed rate deals have been reduced by up to 0.55%, with its three-year fixes reduced by up to 0.34% and five-year deals up to 0.5%. Its two-year tracker rates have been reduced by up to 0.45%.
The bank also announced a number of rate cuts to its residential range.
Paul Kane, Acting Head of Sales, NatWest Intermediary Solutions said:
“We have made great in-roads into the buy-to-let market since we simplified our rental calculation 18 months ago. We have ambitions to continue our growth in buy-to-let by focusing on the smaller portfolio/non-professional landlord sector. These rate reductions should give intermediaries more attractive options to discuss with their landlord customers.
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