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NatWest – Buy-To-Let Remortgage Deal

NatWest

Buy-To-Let Remortgage Deal

Type: Buy-to-let tracker mortgage

Tracker term: Until June 30, 2007

Tracker rate: 0.54% above Bank of England base rate
Payable rate: 5.29%

Minimum loan: 15,000

Maximum loan: Up to 80% of valuation subject to a maximum of 500,000

Income multiples: Rental income must be at least 130% of mortgage repayments

Conditions: Capital repayments of up to 10% a year allowed without penalty, free valuation, free legal fees if NatWests solicitors are used

Arrangement fee: 395

Redemption fee: 1% of mortgage balance until June 30, 2007

Introducers fee: Loans of 25,000-100,000 0.4% of original loan, loans of 101,000-350,000 0.45%, loans of 351,000-500,000 1,575 plus 0.2% of original loan

Tel: 0845 302 0192

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