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TODAY'S OTHER NEWS

NatWest revamps BTL product range

NatWest this morning reduced its two-year fixed remortgage product at 75% loan-to-value (LTV)  by 0.53% from 2.51% to 1.98%.

For buy-to-let purchases, the lender’s five-year fix at 70% LTV has had its rate cut by 0.2% to hit 2.18%, while the lender’s 75% LTV five-year fix has seen its rate reduced by 0.23% to 2.18%.

These buy-to-let mortgage products come with a £995 product fee.

Mark Bullard, head of sales at NatWest, commented: “These changes once again underline our commitment to the intermediary market.

“I’m pleased that we have been able to make further rate reductions to our buy-to-let and purchase portfolios, across a wide variety of LTV bandings and two- and five-year deals.”

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