NatWest Intermediary Solutions - the arm of NatWest that sells mortgage products through brokers - has announced a rate reduction in its buy-to-let mortgage range.
The standard buy-to-let two year fixed range of products for purchase and remortgage has been reduced by 19-23 basis points (bps).
Mark Bullard, head of sales at NatWest Intermediary Solutions, said: “Having broadened our product range in recent months, I am delighted that we are able to introduce a significant number of rate reductions […] across the full LTV range.”
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Mortgage rates drop across the board
NatWest have also reduced some residential and remortgage rates, following in the footsteps of other lenders.
The Bank of England base rate is used by many lenders to calculate their interest rates, and it’s currently at a historic low of 0.25 per cent.
The cut-price mortgage rates that are now available mean that it could make sense for some landlords to remortgage onto a cheaper deal.
Have you been affected by the mortgage rate drops? Let us know in the comments below.