NatWest to make BTL rate cuts and increases tomorrow
By Beth FisherNatWest will be making a series of rate cuts and increases to its new business fixed BTL range tomorrow (11th June).
Section: NEWS
The bank will be offering a mixture of rate rises and cuts, with the largest change of 20bps.
Some of the changes to NatWest’s new business BTL range include:
- two-year fixed-rate BTL purchase at 60% LTV, decreasing by 20bps from 4.81% to 4.61%, with a product fee of £3,499
- five-year fixed-rate BTL purchase at 60% LTV, increasing by 20bps from 4.43% to 4.63%, with a product fee of £995
- two-year fixed-rate green BTL purchase at 75% LTV, rising by 8bps from 5.09% to 5.17%, with a product fee of £995
- five-year fixed-rate green BTL purchase at 65% LTV, rising by 20bps from 4.33% to 4.53%, with a product fee of £995
- two-year fixed-rate remortgage at 75% LTV, dropping by 15bps from 5.29% to 5.14%, with a product fee of £995 and cashback of £250
- five-year fixed-rate remortgage at 75% LTV, cut by 9bps from 5.02% to 4.93%, with zero product fee and £250 cashback
- two-year fixed-rate green BTL remortgage at 75% LTV decreasing by 15bps from 5.19% to 5.04%, with a £995 product fee and £250 cashback
- five-year fixed-rate green BTL remortgage decreasing by 2bps from 4.66% to 4.64%, with a £995 product fee and £250 cashback
Applications for existing deals can be submitted online until 10:30pm on 10th June.
Keywords: natwest, buy to let, btl mortgage, landlord, buy to let lender, buy to let loan, natwest btl, natwest buy to let, natwest products
Source: BTL Insider — https://btlinsider.co.uk/natwest-to-make-btl-rate-cuts-and-increases-tomorrow