Expat Buy to Let Mortgage Rates Cut Again
London 24 January 2019
Expat mortgage broker Offshoreonline is reporting a new cut in interest rates by Nat West International, as well as a new £749 cashback facility on remortgages. Nat West’s lowest expat buy to let mortgage interest rate is now 3.20% for a two year fixed rate product.
Commenting on the changes, international mortgage broker spokesman at Offshoreonline, Guy Stephenson, said, “2019 has started briskly, as buyers realise sterling’s deprecation is in effect offering a significant reduction on UK property prices for some buyers. Equally, weak prices which reflect Brexit uncertainty present a strong buying opportunity for expatriate buy to let buyers in the UK. This move by Nat West can only help further and whilst theirs is not the lowest rate in the market, it does represent a very good deal.”