NatWest increases portfolio limit for buy to let mortgages

NatWest has offered a boost to landlords and investors by doubling its property limit for buy to let mortgages.

In a move that aims to attract landlords with larger portfolios, the limit has been increased from five to ten properties, in the wake of recent research by the National Landlords Association that more and more of their members plan to add to their residential lettings.

"We have a strong portfolio of products for the intermediary market and they have proved to be very popular," claimed Graham Felstead, head of corporate accounts at RBS Intermediary Partners.

"In 2008 intermediaries can look forward to more innovations from our buy to let offer. We want NatWest to be one of their preferred lenders and will be working closely with them to ensure that we are delivering what they want."

Figures published last month by the Bradford & Bingley revealed that the average landlord's portfolio grew from 5.7 to 6.1 properties last year.

And the sector's popularity was reinforced by figures from Hamptons which indicated a 23 per cent rise in the number of buy to let mortgages issued over the same period.

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