NatWest cuts rates on its BTL broker products

There will be rate reductions of between 9-23bps on its 2 year fixed, 5 year fixed and 2 year tracker rate buy-to-let deals. Rates will also decrease on a number of its residential 90% and 95% LTV deals, including a 46bps cut on its 5 year fixed rate 95% LTV mortgage. There are also a couple of very small rate increases on its 2 year 70% LTV deals.

Paul Kane, Acting Head of Sales, NatWest Intermediary Solutions said:

“We continue to have a healthy appetite to grow our presence in the buy-to-let market and have been working hard alongside out broker partners to improve our proposition in this competitive sector. These rate changes should provide a good indicator of our intent to make further progress with buy-to-let business for the reminder of this year and into 2016.

”We have maintained a strong commitment to first-time buyers by including a range of  higher LTV residential and specific Help to Buy scheme products in our intermediary portfolio, so I am delighted that we are able to improve the rates on these deals, supporting customers looking to buy their first property.”