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NatWest Intermediary Solutions – Buy-To Let 2-Year Fixed Remortgage

NatWest Intermediary Solutions – Buy-To Let 2-Year Fixed Remortgage

Type: Fixed rate buy-to-let remortgage

Fixed term: Until August 31, 2013

Fixed rate: 5.79%

Minimum loan: £15,000

Maximum loan: Up to 75% of valuation subject to a maximum of £500,000

Income multiples: Rental income must be at least 125% of the mortgage repayments calculated at the rate of 6.75 per cent

Conditions: Capital repayments of up to 10% a year allowed without penalty in the fixed-rate period, available only for properties in England, Scotland and Wales, up to 10 properties allowed within a total maximum of £3.5m

Arrangement fee: £999

Redemption fee: 3% of the amount repaid in the first two years

Introducer’s fee: Refer to lender

Contact: www.natwest.com/intermediarysolutions

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Case study: administration — managing group life schemes

Our client leads the global market in high-tech electronics manufacturing and digital media. The trustees of the company’s final salary pension scheme insure death-in-service lump sum and dependants’ pension death benefits for active employees, as well as dependants’ pension benefits for deferred members (those who have left service).

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