Tomorrow NatWest will be introducing rate changes to its core and semi-exclusive ranges of residential and buy-to-let purchase mortgages and remortgages and launching semi-exclusive 2-year residential products.
For buy-to-let 2-year fixed rate purchases there’s a 70% LTV deal, down by 0.15% from 2.12% to 1.97% (4.3% APRC, 4.49% SVR) with a £995 product fee and75% LTV, decreasing by 0.05% from 2.72% to 2.67% (4.3% APRC, 4.49% SVR), with no product fee.
Furthermore for 5-year fixed rate buy-to-let purchases there’s a 75% LTV, decreasing by 0.20% from 2.99% to 2.79% (4.0% APRC, 4.49% SVR) with a £995 product fee.
Mark Bullard, head of sales, said: “We’ve taken this opportunity to reposition our portfolio to reflect the current market conditions.
“There are some significant rate reductions in certain product lines, and we’re making changes to the end dates of both 2 and 5-year term deals. I’m pleased that we are also able to introduce some more 2-year fixed exclusive products to the portfolio.”
