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New buy-to-let mortgage products from Natwest

Monday 19th May 2008

Buy-to-let investors looking to obtain a mortgage can now benefit from greater choice thanks to the launch of new products from Natwest.

The products, introduced by RBS Intermediary Partners, comprise two new two-year fixed rate mortgages.

With the arrangement fee having been cut from £24.99 to £14.99, Natwest's new two-year fixed rate product with a maximum loan-to-value (LTV) of 85 per cent has been reduced from 7.09 per cent to 6.99 per cent.

A £14.99 arrangement fee comes with the other new two-year fixed rate, which has a maximum LTV of 75 per cent and an initial rate of 6.74 per cent.

Graham Felstead, head of corporate accounts at RBS Intermediary Partners, commented: "While the market is still challenging, the buy-to-let sector is still offering encouraging opportunities.

"Our business volumes are now at much more manageable levels allowing us to ease the rates on existing products and introduce a very competitively priced new one."

© Copyright 2007

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