NatWest for Intermediaries launches 1.73% buy-to-let mortgage
NatWest for Intermediaries has launched one of the lowest-ever buy-to-let mortgage rates and it doesn't have a maximum loan size.
The mortgage tracks the NatWest base rate plus a margin of 1.23% - giving an initial pay rate of 1.73% until 31 December 2017.
It is available to borrowers with a 40% deposit and the overall cost for comparison is 3.7% APR.
After the tracker rate period the mortgage will revert to NatWest’s standard variable rate, currently 4.5%.
Aaron Strutt, product manager at Trinity Financial, says: “NatWest has increased the intensity of the price war by launching such a low rate even though some of the lenders have been raising the cost of their mortgages.
“There is a £1,999 arrangement fee and the rental calculation is based on 125 at 5.5%.”
Click here to view our buy-to-let calculator.
For help to secure a leading buy-to-let mortgage, call Trinity on 020 7016 0790.
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