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He's fooled the IMF as well

RBS and its Natwest subsidiary said they would be offering two and five-year fixed rate deals at 4.99% and 5.49% interest rates respectively with no fee. The brands expect a rush of interest - signing up 25,500 first and next time buyers over three years...

I don't really understand all the hostility to BTL's (I'm not one by the way). If you are fortunate enough to have savings, BTL is one of the few ways to get a return on your money - 6% nett if you're lucky. It's not all about mortgage rates, the rates offered at present to savers are appalling.

Looks like the rates for a 95% mortgage will be between 4% - 6%, whereas a 60% mortgage is around 2.5%. If you can afford the repayments, what's the problem?