Natwest announce BTL rates cut upto 0.20% NatWest bank have announced that it has cut rates on i...
Natwest announce BTL rates cut upto 0.20%
NatWest bank have announced that it has cut rates on its core and semi-exclusive ranges of residential and buy-to-let 2 and 5 year fixed rate purchase mortgages and re-mortgages.
In its core and semi-exclusive ranges, all residential and buy-to-let 2 year fixed rate purchase and remortgage rates will decrease by 15 bps.
Across the same product ranges, all five-year fixed rates will see cuts of 20bps.
Mark Bullard, Head of Sales, commented: “In recent weeks, the speculation over the rise in the Base Rate created a fair amount of volatility in the costs of funding. Having reviewed our whole portfolio we are now able to introduce wholesale rate reductions to our fixed rate mortgages of 15bps for 2 year and 20bps for 5 year deals.”
Yesterday, NatWest Intermediary Solutions announced plans to launch its new product transfer facility on Friday 15 December, paying a gross procuration fee of 0.2%