NatWest to launch new 70% BTL mortgages
Tomorrow, NatWest Intermediary Solutions will be introducing a number of new 70% buy-to-let mortgages for intermediaries and making some significant rate reductions to many of its existing buy-to-let products.
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It is also making cuts to the rates on its lower LTV 5-year residential deals. The new buy-to-let deals offer brokers a choice of fee or no fee over 2, 3 and 5 year terms. The existing buy-to-let deals will see reductions of up to 44bps across the 2, 3 and 5 year fixed rate and 2 year tracker products.
Paul Kane, Acting Head of Sales, NatWest Intermediary Solutions said:
“We have had a sustained focus on growing our presence in the buy-to-let sector and I would expect that these rate changes and the introduction of the new 70% LTV deals will further enhance our proposition for mortgage advisers. ”
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