NatWest Marks 10 Years of Buy-to-Let

This month marks the ten-year anniversary since the inception of the buy-to-let mortgage and to mark this great occasion, Natwest has introduced some new mortgage rates.
Back in 1997, the average buy to let rate was 8.7%, but NatWest is marking 10 years of buy-to-let with a new range of deals which includes a 4.94% three-year tracker.

Guy Aldwinckle, Head of NatWest Mortgages, commented: “NatWest’s new Buy-to-Let Base Rate Tracker has a rate of just 4.94% (BR +0.19%) for three years, making it one of the best deals on the market. People have become more financially aware over the last decade. Property continues to be a popular choice for long-term investment and retirement planning so NatWest has developed buy-to-let products to suit the changing profile of buy-to-let investors.”

The new NatWest 4.94% tracker deal is available with a minimum loan of £50,000 and has an arrangement fee of £699. The mortgage also has an annual 10% overpayment option. This overpayment can take the form of lump sums or regular overpayments.

NatWest Mortgage Services is also extending a helping hand to business customers with a 5.14% Buy to Let Tracker at BR +0.39% for two years, followed by a long term base rate tracker of BR +1.10%. The deal also comes with free valuation.

Guy Aldwinckle concluded: “NatWest has consistently offered strong buy-to-let mortgage products over the last ten years and this new range is no different. At 4.94% for three years this new base rate tracker makes owning a buy-to-let property a more affordable option for investors both old and new.”

For more information on NatWest’s mortgage range call 0800 400 999 or visit natwest.com/mortgages.