NatWest removes assumed costs from BTL calculator

NatWest Intermediary Solutions has updated its buy to let calculator this month to no longer use assumed letting agency costs for higher rate tax payers and to instead use actual costs in a bid to ensure those who are not paying letting agency fees won’t be impacted.

The calculator will now have up to 2 extra questions but will still allow smaller landlords with 3 or less mortgaged properties as well as portfolio landlords remortgaging with no further borrowing, to easily understand how much they can borrow.