There are six new 3 year buy-to-let deals being launched, at 60%, 70% and 75% LTV which are exclusive to the intermediary channel. Plus, there’ll be two new 2 and 5 year fixed rate and two new 2 year tracker products added to the portfolio.
And there are significant rate cuts being made to many of its existing buy-to-let deals of up to 64bps.
Mark Bullard, Head of Sales, NatWest Intermediary Solutions said:
“We have had a very good response to the improvements we have introduced to our buy-to-let proposition in the last six months. The optimism for growth in this sector that our research identified at the end of 2013 appears to have been correct as buy-to-let volumes having increased in the first few months of this year.
“With the demand for buy-to-let lending set to continue, we are delighted to be able to support intermediaries with new products and rate cuts, especially the new 3 year term range that will make our proposition even more attractive. The appeal of the two new 5 year deals we launched in March has led to us adding three more 5 year term mortgages to our buy-to-let offering.”
