Market conditions prompts NatWest to increase buy to let mortgage rates.
The current market conditions have prompted the high street lender NatWest to increase its buy to let mortgage rates.
The mortgage provider has carried out a full review of its product range and also applied increases to rates for residential mortgages and remortgages. However, the most significant increases affect the buy to let 2 and 5 year fixes, which have increased by as much as 11bps.
Other lenders may soon follow suit, heralding the end of the era of lowest-ever rates.
Acting now to secure your first or next buy to let mortgage with the help of our Deal Direct advisors, means sourcing the best possible deal available from the whole of the market.
Highly competitive rates are still available for new landlords and Deal direct can source them for you. However, as buy to let remortgage rates have not risen by as much, the best deals are to be had for landlords looking to refinance and switch to a new product.
Start your search now by clicking the button below or, if you have some questions first that you’d like us to answer for you, we’re available to chat with you online.
Please note:
We are regulated to offer independent mortgage advice; however, we are not regulated to offer general financial advice. If you want to discuss the suitability of a property as an investment, you will need to contact an independent financial adviser.
Buy to let mortgage applications from:
- applicants whose intention is to benefit from house price growth
- applicants whose intention is to benefit from rental income
- applicants who are letting to buy
will be treated as a normal buy to let and not as a consumer buy to let. In addition, their subsequent remortgage applications will also be treated in the same manner.