Buy To Let Date:
NatWest has reduced its two-year fixed buy-to-let (BTL) mortgage rate for purchases by 0.23%. This has made the product competitive enough to enter the Best Buy chart in its sector at the number one spot.
The purchase-only version of this mortgage now boasts a rate of 1.95% at 60% loan-to-value (LTV) fixed to 30.11.2018. It comes with an arrangement fee of £1,995.
The deal is offered to landlords wishing to buy a rental property, as long as they have the necessary deposit. It comes with the option to make overpayments, offering some welcome flexibility.
This mortgage is also available through Royal Bank of Scotland.
The decreased rate on this BTL deal moves it straight to the top of the chart, comfortably earning its Moneyfacts rating and offering a highly competitive choice for landlords looking to start or expand their portfolio.
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