NatWest buy-to-let tracker launched
www.moneynews.co.uk > Mortgages > NatWest buy-to-let tracker launched
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Money News |
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NatWest buy-to-let tracker launched
Mon 21st Aug 2006
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Guaranteed at 0.19 per cent above the Bank of England base rate for three years, the product comes with a 3 per cent early repayment charge for the period of the deal.
With an arrangement cost of £695 that is higher than some competitors, the product is not without benefits – including a 10 per cent annual overpayment option.
Guy Aldwinckle, head of mortgages at NatWest, said in a statement: "People have become more financially aware over the last decade.
"Property continues to be a popular choice for long-term investment and retirement planning so NatWest has developed buy-to-let products to suit the changing profile of buy-to-let investors," he added.
The bank also offers a two year buy-to-let deal at 0.59 per cent above base rate, with a lower arrangement fee of £495.
Uncertainty over equity markets and rising demand for rented property – fuelled by higher and higher house prices – have seen many investors turn to buy-to-let to diversify their assets.
Related News : Mortgages |
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Related News : NatWest |
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