Natwest is introducing two new buy-to-let fixed rate products – a mortgage and remortgage deal – with no fees.
Both products will offer an initial rate of 6.99 per cent until January 31 2010, and the remortgage deal will also include free standard legal fees and valuation. Natwest is also launching a new five year fixed rate buy-to-let mortgage. The rate will be 5.65 per cent until January 21, 2013.
“We are very keen to grow our presence in the buy-to-let market, so we have introduced these two new ‘no fees’ products specifically to help landlords to enter the market, or to expand their portfolios by keeping the initial set up costs down," explained Graham Felstead, head of corporate accounts at RBS Intermediary Partners.
“For those who want longer term stability for their portfolio’s monthly repayments the new five year fixed rate product offers them a very attractive rate,” he said.
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