Press Room
NatWest Launches Limited Edition Market Leading Buy To Let Deals
(14 March 2005)
NatWest today launches two new, market-leading buy-to-let deals for the intermediary market. This further underlines NatWest's commitment to offering attractive mortgage deals available to new and existing customers.
The new buy-to-let deals include a Base Rate +0.54%, variable until 30 June 2007. Both deals come with free valuation and the option to make overpayments. The new packages, which are available immediately, are:
| Deal | Percentage loan to value | Interest Rate | APR | End date |
|---|---|---|---|---|
| Buy to let Remortgage Deal Base Rate +0.54% | Up to 80% | 5.29% | 7.0% variable | 30/06/2007 |
| Buy to let Deal for Purchasers Base Rate +0.54% | Up to 80% | 5.29% | 7.1% variable | 30/06/2007 |
Charles Haresnape, Director of Mortgage Sales for NatWest, said: "I am delighted to announce the launch of these market-leading deals from NatWest which means we can offer a greater choice to brokers and their clients. We are constantly looking to improve our mortgage range and have recently reviewed our buy-to-let deals. At NatWest monthly rental incomes must be 130% of the interest only mortgage payment, calculated at Bank Base Rate + 1.25% (minimum of 6%), thus making the process more straightforward for potential investors to meet monthly income yields."
For more information on NatWest's mortgage range call 0845 302 0192 or visit natwest.com/intermediaries.
Notes to Editors:
- Further rate information:
Rates
Product Interest Rate Followed by NW BTL SVR ERC Notes 5.29% currently 7.29% 1% until 30/06/2007 Free valuation, free legal fees when dealing with NW solicitor, 10% annual overpayment allowed, minimum loan £15,000. Arrangement fee £395. 5.29% currently 7.29% 1% until 30/06/2007 Free valuation, 10% overpayment option, minimum loan £15,000. Arrangement fee £395. - Only for use by Mortgage Intermediaries authorised by the FSA - conditions apply.