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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:



Rates
DealPercentage loan to valueInterest RateAPREnd date
Buy to let Remortgage Deal
Base Rate +0.54%
Up to 80%5.29%7.0% variable30/06/2007
Buy to let Deal for Purchasers
Base Rate +0.54%
Up to 80%5.29%7.1% variable30/06/2007

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 RateFollowed by NW BTL SVRERCNotes
    5.29%currently 7.29%1% until 30/06/2007Free 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 30/06/2007Free valuation, 10% overpayment option, minimum loan 15,000. Arrangement fee 395.


  • Only for use by Mortgage Intermediaries authorised by the FSA - conditions apply.