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RBS Intermediary Partners – NatWest Two-Year Fixed Buy-To-Let Remortgage

RBS Intermediary Partners

NatWest Two-Year Fixed Buy-To-Let Remortgage

Type: Fixed rate buy-to-let remortgage

Fixed term: Until August 31, 2010

Fixed rate: 6.89%

Minimum loan: £15,000

Maximum loan: Up to 75% of valuation subject to a maximum of £500,000, new build flats up to 65% of valuation

Income multiples: Rental income must be at least 110% of the mortgage repayments for the first five properties, at least 125% of the remortgage repayments for properties six to 10 and new build properties

Conditions: Capital repayments of up to 10% a year allowed without penalty, up to 10 properties allowed within total maximum of £3.5m, free valuation, free basic legal fees

Arrangement fee: £1,999

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

Introducer’s fee: Refer to lender

Tel: 08459 001110

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