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NatWest Buy to Let Mortgages - Call our broker team 0117 403 4474

What is your mortgage for?

 

NatWest Buy to Let Agreement in Principle

A NatWest Agreement in Principle is the first step to getting a NatWest mortgage.

It gives an indication of whether NatWest will lend you the amount you need to borrow.

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparison Product fee Monthly cost Enquire
Initial rate: 4.45%
Rate type: 5 year fixed
Monthly cost: £1715.49 per month
Product fee: £995
Overall cost for comparison: 6.1% APRC
NatWest logo 4.45% 5 year fixed 6.1% APRC £995 £1715.49 per month get quotes Broker Only Deal
Initial rate: 4.50%
Rate type: 5 year fixed
Monthly cost: £1721.23 per month
Product fee: £995
Overall cost for comparison: 6.2% APRC
NatWest logo 4.50% 5 year fixed 6.2% APRC £995 £1721.23 per month get quotes Broker Only Deal
Initial rate: 4.64%
Rate type: 2 year fixed
Monthly cost: £1737.38 per month
Product fee: £3,499
Overall cost for comparison: 7.6% APRC
NatWest logo 4.64% 2 year fixed 7.6% APRC £3,499 £1737.38 per month get quotes Broker Only Deal
Initial rate: 4.74%
Rate type: 5 year fixed
Monthly cost: £1748.96 per month
Product fee: £0
Overall cost for comparison: 6.2% APRC
NatWest logo 4.74% 5 year fixed 6.2% APRC £0 £1748.96 per month get quotes Broker Only Deal
Initial rate: 4.98%
Rate type: 2 year fixed
Monthly cost: £1776.94 per month
Product fee: £995
Overall cost for comparison: 7.5% APRC
NatWest logo 4.98% 2 year fixed 7.5% APRC £995 £1776.94 per month get quotes Broker Only Deal
Initial rate: 5.03%
Rate type: 2 year fixed
Monthly cost: £1782.8 per month
Product fee: £995
Overall cost for comparison: 7.5% APRC
NatWest logo 5.03% 2 year fixed 7.5% APRC £995 £1782.8 per month get quotes Broker Only Deal
Initial rate: 5.29%
Rate type: 2 year fixed
Monthly cost: £1813.46 per month
Product fee: £0
Overall cost for comparison: 7.5% APRC
NatWest logo 5.29% 2 year fixed 7.5% APRC £0 £1813.46 per month get quotes Broker Only Deal

Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.

 

The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).

 

In this example the overall cost for comparison is 3.7% APRC representative.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

NatWest Buy to Let Agreement in Principle

What is an Agreement in Principle?

A NatWest agreement in principle is the first step to securing a buy to let mortgage. When you receive an agreement in principle from NatWest, it is an indication that they are prepared to lend the amount required for your project.

NatWest comes to the decision by reviewing your credit and completing a brief affordability check. This may be done online or in your local Natwest branch.

What Do I Need For the Application Process?

Getting an agreement in principle is a relatively short process, which can take as little as 5 minutes. 

For NatWest to make their decision they will need:

  • A small amount of personal information

  • Some details of your income

  • An outline of your financial commitments

It is important to note that under no circumstances will the lender use the aforementioned details for marketing purposes.

Getting an agreement in principle requires no commitment from you. When you receive an agreement in principle you can review NatWest’s range of rates and apply for a mortgage. Remember, if you have an agreement in principle, you are under no obligation to apply for the mortgage.

The process is straightforward and NatWest can even provide an agreement in principle through an online application. You should note that an agreement in principle for a buy to let can be accessed online, but not a Help to Buy, Right to Buy, shared equity, Offset or interest only mortgage.

How to get a Buy to Let Agreement in Principle

Speak to our broker team for an independent mortgage adviser Click here »

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