NatWest cuts buy-to-let rates by 0.50%

From tomorrow, NatWest is cutting rates across its buy-to-let and residential ranges by up to 0.50%.

Related topics:  Finance
Rozi Jones
29th August 2018
Natwest 501
"We have taken this time to reposition our portfolio to reflect the current market conditions and balance our mix of business."

Selected fee-free buy-to-let rates have seen cuts of 50bps.

Two-year fixed rate buy-to-let products now start from 2.77% at 60% LTV, 3.02% at 70% LTV and 3.07% up to 75% LTV.

Five-year rates are now available at 3.04% to 60% LTV, 3.48% to 70% LTV and 3.57% to 75% LTV.

Two-year fixed rate residential products will decrease by between 25 and 50bps, with £995 product fee mortgages seeing the larger 50bps cut. New products are available at 1.59% up to 75% LTV, 1.78% at 80% LTV, 1.88% at 85% LTV and 2.20% up to 90% LTV.

Five-year fixed rate mortgages have also seen rate cuts of 0.50% and now start from 1.94% at 60% LTV, 2.08% at 70% LTV, 2.67% at 80% LTV, and 2.78% up to 90% LTV.

Mark Bullard, head of sales at NatWest, commented: “We have taken this time to reposition our portfolio to reflect the current market conditions and balance our mix of business. This includes reductions of up to 50bps in selected two and five-year deals.”

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