RBS/NatWest has today launched two new tracker mortgages for the buy to let market. The NatWest buy-to-let two-year tracker at 5.79% with a 75% LTV with a £1,499 and a buy to let two year tracker remortgage at 5.89%, up to 75% LTV with a £1,999 fee until 31 August 2011.
This is a step in the right direction and is good news for property investors. We lack competition within the mortgage buy to let market with the few companies offering products in a position where they can pick and choose clients and dictate high rates and arrangement fee’s. Let hope this starts to put a bit more pressure on some of the other lenders.
Property Profit
