Natwest announce 'significant' reductions on BTL products

Natwest announce 'significant' reductions on BTL products

NatWest has announced that it will introduce several three figure rate reductions on its core range BTL deals as well as cutting the product fees by £1,000 on several buy-to-let mortgages.

The lender also confirmed that it will also make rate reductions on two 95% LTV residential deals.

The biggest rate reduction is on its 5 year fixed rate, 70% LTV, £0 product fee, buy-to-let purchase mortgage that is being reduced by 156bps to 3.08%. Other three figure reductions include the 2 year fixed rate, 70% LTV, £0 product fee, purchase mortgage that’s reducing by 110 bps to 2.68%.

The 2 year fixed rate, 75% LTV, £0 product fee, purchase mortgage is reducing by 107bps to 2.77%; the 5 year fixed rate, 60% LTV, £0 product fee, purchase mortgage is reducing by 101bps to 2.98%; the 5 year fixed rate, 75% LTV, £0 product fee, is reducing by 153bps to 3.25%; and the 5 year fixed rate remortgage, 75% LTV, reducing by 100bps to 2.98% and having its fee reduced to £995.


In all, nine of its buy-to-let deals will see product fees cut from £1,995 to £995.

Mark Bullard, Head of Sales, commented, “Having declared our intent to continue to fully support the buy-to-let sector under the new PRA requirements, it’s timely that we are able to announce such significant cuts to both our rates and product fees on so many of our buy-to-let deals. We want to remain competitive in this sector and will continue to work with intermediary firms on developing our buy-to-let proposition which we will look to improve in the autumn.”

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Christian Donovan
Christian Donovan 18 Aug 2017

The write-down on house values, combined with the fall in the GBP saddled the fund?s property portfolio with a 1.4% loss in the second quarter. The shocking amount of $240 million.

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Samantha Goodman
Samantha Goodman 11 Aug 2017

Interesting point of view.

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Samantha Goodman
Samantha Goodman 11 Aug 2017

It depends on the people, some older adults decide to make a long-distance move in order to live closer to their children or settle in a place with a lower cost of living.

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brandonlee10
brandonlee10 24 Jul 2017

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IrisJ.
IrisJ. 19 Jul 2017

Great advice, but may I also add that when buying an already built home, make sure you do all of the proper inspections. Most importantly pest inspection because people tend to get surprised when they

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IrisJ.
IrisJ. 17 Jul 2017

The third point is, in my opinion, the most important one. People have become too inconsiderate and careless when it comes to rented properties. If a landlord wants to protect their property, regular visits...

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cornishalan
cornishalan 10 Jul 2017

Added to the cost of purchasing these village properties are the above average maintenance costs. Particularly where the property is a listed building or requires specialist building skills such as thatching...

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Jo Mullett
Jo Mullett 07 Jul 2017

Here in Swansea, known as the Japanese knotweed capital of the UK, it never fails to amazes me that people have no idea of the potential problems this invasive non-native plant can cause when buying or...

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NathanG
NathanG 05 Jul 2017

McDonalds, for example, have been purchasing their real estate on prime locations for years. If something happens to the company they'll have invaluable assets that will be able to save them. We might

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Jonah
Jonah 04 Jul 2017

Graham: surprised to see you cite the "extra tax liability" as capping out at ?560. It doesn't - the extra tax is exponential, as it is levied on the income (i.e the inflating level of rental income you...

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Dianne Griffen
Dianne Griffen 29 Jun 2017

Be very wary of anyone bringing you deals that they have ?found? and want to ?sell on to you? or ?joint venture? with you on ? you need a proper legal contract for this, involve a RICs surveyor to confirm...

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The most important thing is a budget. Students have to manage their spendings in food, house maintenance, books and many other things. According to me, student Studios are the perfect option for them as...

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