NatWest Intermediary Solutions (NatWest IS) is launching a new 75% LTV fixed rate buy-to-let mortgage tomorrow.
It is also changing rates on a number of its other products.
The new two-year fixed rate buy-to-let mortgage has an initial rate of 5.79% with a £999 fee.
It is available to all intermediaries through its core range.
Also, the rate on its buy-to-let two-year tracker 75% LTV purchase mortgage is being cut by 1.20% to 4.59% and the rate on its buy-to-let two year tracker 75% LTV remortgage is being reduced by 1.30% to 4.59%.
There will be a number of rate changes on its core range of mortgages that are available to all intermediaries.
Rates have been reduced by 0.20% on its two-year fixed 80% and 85% LTV purchase and remortgage products to 4.19% and 5.09% respectively. Its two and five-year 90% LTV fixed rate purchase mortgages have also been reduced by 0.20% to 5.99% and 6.29% respectively.
Rates will be increased on two core range products. The 18-month tracker 75% LTV will increase by 0.20% to 3.09% and the two-year remortgage tracker at 60% LTV will increase 0.30% to 2.79%.
The two-year remortgage tracker 60% LTV product in the corporate range will also see a 0.30% rise to 3.05%.
Mark Bullard, head of sales at NatWest Intermediary Solutions, said: “The buy-to-let market continues to offer intermediaries opportunities to grow their business. The new 75% LTV fixed rate product we are introducing to our core range together with the significant rate reductions on thetwo-year tracker buy-to-let mortgages means that advisers who want to make in-roads into this sector have an attractive choice of competitive deals.”””
