RBS IP launches buy-to-let trackers
Article Published: Thursday, July 16th, 2009
RBS Intermediary Partners (RBS IP) has introduced two new buy-to-let tracker products, plus a further base rate tracker for residential mortgages, including shared equity.
The buy-to-let deals are NatWest branded, two-year Base Rate Trackers running until 31 August 2011, available up to 75% LTV.
One product, for purchase only, is priced at 5.79% (BBR +5.29%) with a £1,499 fee, the second, for remortgage only, is priced at 5.89% (BBR +5.39) with a £1,999 fee. The residential mortgage is an RBS two year Base Rate Tracker priced at 3.49% (BoE rate +2.99%), also available up to 75% LTV with a £999 fee until 31 August 2011.
Graham Felstead, head of sales at RBS IP commented: "We are pleased that we are able to broaden the range of products that we offer our intermediary partners by launching these three tracker products. With the launch last week of our specialist shared equity scheme mortgages we will continue to support mortgage advisers with a choice of quality mortgages that they can offer their clients in the purchase, remortgage and buy-to-let sectors."
By Steve Wood - Director of Echelon Mortgages Ltd
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