The trackers are available at Bank Base Rate (BBR) +0.54% for term, or BBR +0.74% for term, for branch and contact centre customers.
Richard Barker, product manager at N&P said: “Buy-to-let is still one of the fastest growing areas of the mortgage market, and we believe that the two new trackers will be perfect for landlords looking for a flexible variable rate mortgage for their properties. The rates on these new products are amongst the most attractive in the ‘variable rate for term’ category and the added benefit of no early repayment charges will enable customers to repay at any time without incurring penalties."
Main Details
BBR + 0.54% for term
85% maximum loan to value
Reservation fee - 0.5% of loan amount
Rental to cover 125% of mortgage
No early repayment charge
BBR + 0.74% for term
85% maximum loan to value
Reservation fee - 0.5% of loan amount
Rental to cover 125% of mortgage
No early repayment charge
Free legal fees or £200 cashback for remortgage customers
£200 cashback for purchase customers
Free standard valuation (up to a maximum of £399)
