NatWest offering 2.24% buy-to-let fixed rate for mortgages up to £500,000
NatWest for Intermediaries is offering a leading 2.24% buy-to-let rate that is fixed until 30 December 2017.
After the fixed rate the mortgage will revert to the lenders standard variable rate, which is currently 4.5%. The overall cost for comparison is 4.5% APR.
There is a £1,995 arrangement fee and the mortgage is available for property purchases and remortgages.
Aaron Strutt, product manager at Trinity Financial, says: “NatWest has some of the lowest buy-to-let rates in the market and they even have a two-year tracker available below 2%.
“In order to qualify for the 2.24% fix borrowers will need a 40% deposit and a minimum income of £25,000."
The maximum loan size is £500,000 per property and landlords are allowed to have four buy-to-let mortgages in total.
For help to secure a leading buy-to-let mortgage call Trinity on 020 7016 0790.
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