NatWest removes fees on BTL fixes

Introduced on Monday 10 December, one of these products is for purchases, the other for remortgages. Both will offer an initial rate of 6.99 per cent until 31 January 2010.

The lender is also launching a new five-year fixed rate buy-to-let product offering an initial deal of 5.65 per cent until 31 January 2013.

Graham Felstead, head of corporate accounts at RBS Intermediary Partners commented: “We are very keen to grow our presence in the buy-to-let market so have introduced these two new ‘no fees’ products specifically to help landlords to enter the market or to expand their portfolios by keeping the initial set up costs down.

"And, for those who want longer term stability for their portfolio’s monthly repayments the new 5 year fixed rate product offers them a very attractive rate.”