The new products comprise one for residential purchases (that includes shared equity schemes) and two for the buy-to-let market.
The key features are:
RBS 2 year base rate tracker at 3.49% (BoE rate +2.99%) (4.0% SVR, 4.1% APR), 75% LTV with a £999 fee until 31 August 2011.
NatWest buy-to-let 2 year base rate tracker purchase at 5.79% (BoE rate +5.29%) (4.5% SVR, 5.2% APR), 75% LTV with a £1,499 fee until 31 August 2011.
NatWest buy-to-let 2 year base rate tracker remortgage at 5.89% (BoE rate +5.39%) (4.5% SVR, 5.2% APR), 75% LTV with a £1,999 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.”
