Buy To Let Date:
NatWest has increased its buy-to-let products by 0.30%. However, its two-year tracker mortgage has retained its competitive edge and held on to a place in the Moneyfacts charts.
This mortgage now has a variable rate of 2.35% until 30.6.17, allowing it to sit just behind the market-leader of its sector. It is available at a loan-to-value (LTV) of 60% and has a fee of £1,995.
This deal is open to first-time buyers, second-time buyers and those looking to remortgage their rental property. Remortgagors can benefit from an incentive package of free valuation and free legal fees.
This mortgage offers some repayment flexibility, with regular and lump sum repayments permitted.
Borrowers can also access this mortgage through branches of the Royal Bank of Scotland.
Although this mortgage has had a rate increase, it still sits near the top of the charts and offers borrowers a competitive deal. The fact that this mortgage is also open to first-time buyers is an added bonus, while remortgagors will be able to profit from a very enticing incentive package.
Moneyfacts rating: Excellent
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