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Rate reductions on many of our 2 and 5 year purchase and remortgage buy-to-let deals

 

Product fees reducing from £1,995 to £995 on a number of 2 and 5 year fixed rate purchase and remortgage buy-to-let deals

Early repayment charges may apply

Add your signposting title here… NatWest Intermediary Solutions wins two 5 star awards at the Financial Adviser Service Awards

We are delighted to have received a 5 star award for our broker service and been voted as the no.1 Lender and Most Improved Lender in the Mortgages Lenders and Packagers category at the Financial Adviser Service Awards 2016. These awards are voted for by intermediaries and are regarded as the blue riband measure for the financial services industry.

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Current Service Levels
New broker registrations Actioned within 48 hours
Underwriting Actioned within 2 days of receipt
Further Information Actioned within 2 days of receipt
LiveTALK average wait time within 4 minutes
Telephony average wait time within 2 minutes
Average speed to offer purchase 13 days
Average speed to offer remortgage 12 days
Latest news

Rate changes to core and semi-exclusive ranges

Effective from Friday 11 August 2017

On Friday 11 August, we are introducing changes to our core and semi-exclusive ranges.

 

Core

  • Rate reductions on two residential 95% LTV deals
  • Rate reductions of between 7-156bps on many 2 and 5 year purchase and remortgage buy-to-let deals
  • Product fees reducing from £1,995 to £995 on a number of 2 and 5 year fixed rate purchase and remortgage buy-to-let deals

 

Semi-exclusives

  • Two new residential first time buyer deals
  • New 2 and 5 year fixed rate purchase and 5 year remortgage residential deals
  • Rate reductions on a number of 2 and 5 year residential purchase and remortgage deals
  • Increases and introduction of cashback on a number of 2 and five year fixed rate purchase and remortgage residential deals
  • New 2 year purchase and 5 year remortgage fixed rate buy-to-let deals
  • Withdrawal of two 2 year fixed rate buy-to-let deals
  • Rate reductions on many 2 and 5 year fixed rate purchase and remortgage deals
  • Product fee reductions on selected 5 year fixed rate buy-to-let deals

 

As a responsible lender, we have been able to make these changes whilst ensuring that we maintain our risk appetite and the quality of business we accept.

 

Here’s a full list the changes with product codes in brackets:

 

CORE RANGE

 

Residential

RATE AND CASHBACK CHANGES

 

2 year fixed rate purchase

[FO14854] 95% LTV, decreasing by 38bps from 4.33% to 3.95% (3.9% APRC, 3.75% SVR), £0 product fee

 

5 year fixed rate purchase

[FO14856] 95% LTV, decreasing by 36bps from 4.81% to 4.45% (4.1% APRC, 3.75% SVR), £0 product fee

 

Buy-to-let

RATE AND PRODUCT FEE CHANGES

 

2 year fixed rate purchase

[FO14870] 60% LTV, increasing by 7bps from 1.82% to 1.89% (4.1% APRC, 4.25% SVR), product fee reducing from £1,995 to £995

[FO14872] 60% LTV, decreasing by 96bps from 3.23% to 2.27% (4.0% APRC, 4.25% SVR), £0 product fee

[FO14873] 70% LTV, decreasing by 37bps from 2.54% to 2.17% (4.1% APRC, 4.25% SVR), product fee reducing from £1,995 to £995

[FO14874] 70% LTV, decreasing by 110bps from 3.78% to 2.68% (4.1% APRC, 4.25% SVR), £0 product fee

[FO14876] 75% LTV, decreasing by 56bps from 2.73% to 2.17% (4.1% APRC, 4.25% SVR), product fee reducing from £1,995 to £995

[FO14878] 75% LTV, decreasing by 107bps from 3.84% to 2.77% (4.1% APRC, 4.25% SVR), £0 product fee

 

5 year fixed rate purchase

[FO14879] 60% LTV, decreasing by 79bps from 3.38% to 2.59% (3.8% APRC, 4.25% SVR), product fee reducing from £1,995 to £995

[FO14880] 60% LTV, decreasing by 101bps from 3.99% to 2.98% (3.8% APRC, 4.25% SVR), £0 product fee

[FO14881] 70% LTV, decreasing by 92bps from 3.79% to 2.87% (3.9% APRC, 4.25% SVR), product fee reducing from £1,995 to £995

[FO14882] 70% LTV, decreasing by 156bps from 4.64% to 3.08% (3.9% APRC, 4.25% SVR), £0 product fee

[FO14883] 75% LTV, decreasing by 89bps from 3.98% to 3.09% (4.0% APRC, 4.25% SVR), product fee reducing from £1,995 to £995

[FO14884] 75% LTV, decreasing by 153bps from 4.78% to 3.25% (3.9% APRC, 4.25% SVR), £0 product fee

 

5 year fixed rate remortgage

[FO14886] 60% LTV, decreasing by 84bps from 3.38% to 2.54% (3.8% APRC, 4.25% SVR), product fee reducing from £1,995 to £995

[FO14887] 70% LTV, decreasing by 86bps from 3.79% to 2.93% (3.9% APRC, 4.25% SVR), product fee reducing from £1,995 to £995

[FO14888] 75% LTV, decreasing by 100bps from 3.98% to 2.98% (3.9% APRC, 4.25% SVR), product fee reducing from £1,995 to £995

 

SEMI-EXCLUSIVE RANGE

 

Residential

 

NEW

First-time buyer 2 year fixed rate purchase

[FO14912] 80% LTV, 2.07% (3.5% APRC, 3.75% SVR), £0 product fee plus £750 cashback

[FO14913] 85% LTV, 2.07% (3.5% APRC, 3.75% SVR), £0 product fee plus £750 cashback

 

2 year fixed rate purchase

[FO14905] 90% LTV, 2.78% (3.7% APRC, 3.75% SVR), £0 product fee plus £500 cashback

 

5 year fixed rate purchase

[FO14906] 80% LTV, 2.40% (3.3% APRC, 3.75% SVR), £0 product fee plus £500 cashback

[FO14907] 85% LTV, 2.55% (3.3% APRC, 3.75% SVR), £0 product fee plus £500 cashback

 

5 year fixed rate remortgage

[FO14909] 80% LTV, 2.29% (3.2% APRC, 3.75% SVR), £0 product fee

[FO14910] 85% LTV, 2.43% (3.3% APRC, 3.75% SVR), £0 product fee

[FO14911] 90% LTV, 3.04% (3.5% APRC, 3.75% SVR), £0 product fee

 

RATE AND CASHBACK CHANGES

First-time buyer 5 year fixed rate purchase

[FO14914] 80% LTV, decreasing by 18bps from 2.58% to 2.40% (3.3% APRC, 3.75% SVR), £0 product fee plus cashback increasing from £500 to £750

[FO14915] 85% LTV, decreasing by 23bps from 2.75% to 2.52% (3.3% APRC, 3.75% SVR), £0 product fee plus cashback increasing from £500 to £750

[FO14916] 90% LTV, decreasing by 1bp from 3.09% to 3.08% (3.6% APRC, 3.75% SVR), £0 product fee plus cashback increasing from £500 to £750

 

2 year fixed rate purchase

[FO14904] 90% LTV, decreasing by 13bps from 2.04% to 1.91% (3.6% APRC, 3.75% SVR), £995 product fee

 

5 year fixed rate purchase

[FO14908] 90% LTV, decreasing by 71bps from 3.79% to 3.08% (3.6% APRC, 3.75% SVR), £0 product fee plus NEW cashback of £500

 

2 year fixed rate remortgage

[FO14865] 90% LTV, decreasing by 9bps from 2.18% to 2.09% (3.6% APRC, 3.75% SVR), £995 product fee

[FO14867] 90% LTV, decreasing by 20bps from 2.58% to 2.38% (3.6% APRC, 3.75% SVR), £0 product fee

 

 

Buy-to-let

 

NEW

5 year fixed rate purchase

[FO14917] 60% LTV, 2.63% (3.7% APRC, 4.25% SVR), £0 product fee

[FO14918] 75% LTV, 2.92% (3.9% APRC, 4.25% SVR), £995 product fee

 

5 year fixed rate remortgage

[FO14919] 60% LTV, 2.68% (3.7% APRC, 4.25% SVR), £0 product fee

[FO14920] 70% LTV, 3.18% (3.9% APRC, 4.25% SVR), £0 product fee

[FO14921] 75% LTV, 2.89% (3.9% APRC, 4.25% SVR), £995 product fee

[FO14922] 75% LTV, 3.18% (3.9% APRC, 4.25% SVR), £0 product fee

 

WITHDRAWALS

2 year fixed rate purchase

[FO14753] 60% LTV, 1.87% (4.0% APRC, 4.25% SVR), £995 product fee

[FO14814] 60% LTV, 2.39% (4.1% APRC, 4.25% SVR), £0 product fee

 

RATE AND PRODUCT FEE CHANGES

 

2 year fixed rate purchase

[FO14890] 70% LTV, decreasing by 10bps from 2.08% to 1.98% (4.1% APRC, 4.25% SVR), £995 product fee

[FO14891] 70% LTV, decreasing by 20bps from 2.58% to 2.38% (4.0% APRC, 4.25% SVR), £0 product fee

[FO14892] 75% LTV, decreasing by 10bps from 2.08% to 1.98% (4.0% APRC, 4.25% SVR), £995 product fee

[FO14893] 75% LTV, increasing by 1bp from 2.68% to 2.69% (4.1% APRC, 4.25% SVR), £0 product fee

 

5 year fixed rate purchase

[FO14894] 60% LTV, decreasing by 19bps from 2.62% to 2.43% (3.7% APRC, 4.25% SVR), product fee reducing from £1,995 to £995

[FO14895] 70% LTV, decreasing by 22bps from 3.05% to 2.83% (3.9% APRC, 4.25% SVR), product fee reducing from £1,995 to £995

 

2 year fixed rate remortgage

[FO14896] 60% LTV, decreasing by 14bps from 1.82% to 1.68% (4.0% APRC, 4.25% SVR), £995 product fee

[FO14897] 60% LTV, decreasing by 10bps from 2.38% to 2.28% (4.0% APRC, 4.25% SVR), £0 product fee

[FO14898] 70% LTV, decreasing by 1bp from 2.09% to 2.08% (4.1% APRC, 4.25% SVR), £995 product fee

[FO14899] 75% LTV, decreasing by 7bps from 2.15% to 2.08% (4.1% APRC, 4.25% SVR), £995 product fee

 

5 year fixed rate remortgage

[FO14900] 60% LTV, 2.38% (3.8% APRC, 4.25% SVR), product fee reducing from £1,995 to £995

[FO14901] 70% LTV, increasing by 12bps from 2.77% to 2.89% (3.9% APRC, 4.25% SVR), product fee reducing from £1,995 to £995

 

Cashback offers:

The cashback will be paid to your customer’s solicitor on the day they draw down their mortgage

Offer can be changed/withdrawn at any time

Early repayment charges may apply

Your home may be repossessed if you do not keep up repayments on your mortgage

 

Overpayments:

Overpayments of up to 10% of the outstanding balance per annum are allowed during the initial deal period.

 

Early repayment charges:

2 year fixed rate: 2% until 30 November 2018, 1% until 30 November 2019

5 year fixed rate: 5% until 30 November 2018, 4% until 30 November 2019, 3% until 30 November, 2% until 30 November 2021, 1% until 30 November 2022

 

Minimum loan amounts:

£25,000

 

Transitional arrangements

You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on Thursday 10 August 2017.

 

The supporting documentation for online applications on these products must be received in our Mortgage Centre in Birmingham by close of business on Thursday 24 August 2017.

 

Missing information process

Cases received before Friday 11 August 2017 with missing information will be identified by the Broker Support Team, who will contact the broker to obtain this.  If the missing information cannot be completed on the same day, the case will not qualify for the expired deal.

 

If you are unable to submit an application online due to it being a porting case or there is a technical issue that cannot be resolved over the phone then, you must submit a paper-based application. You must e-mail your BDM by midday on Friday 11 August 2017. Requests received after this time will not be considered.

 

Your email must include in bullet points:

·         Your details - name, company and postcode

·         Customer name

·         Product applying for

·         Amount of mortgage loan

·         Reason for paper application - If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided

·         State whether you were trying to submit via NatWest Intermediary Solutions’ website or the Mortgage Trading Exchange

 

Paper applications must be signed by all applicants and the original received at the following address by close of business on Tuesday 15 August 2017 for your rate to be honoured:

 

NatWest Intermediary Solutions

Broker Support Team

1st Floor

6 Brindley Place

Birmingham

B1 2UU

 

Any cases that are submitted with missing information will not be upheld.

 

Any cases submitted must have all supporting documentation by Thursday 24 August 2017.

 

If you have any questions around criteria or packaging please contact our LiveTALK team who will happily give you some guidance or if you have a complicated or a high value case you wish to discuss please give your BDM a call.

PRA requirements for buy-to-let business to be implemented from 11 September

Wednesday 9 August 2017

We will be introducing the new PRA requirements for assessing buy-to-let mortgage applications on 11 September and will continue to offer mortgages to portfolio landlords.

 

We will also introduce several other enhancements to our buy-to-let proposition later in the year.

 

Here’s a summary of the changes being introduced from 11 September:

 

  • New and improved buy-to-let calculator hosted on our website (intermediary.natwest.com) which will make it easier for brokers to assess customers’ affordability.
  • To ensure customers can afford all existing mortgage commitments we will require additional information on their other properties (residential and buy-to-let) to enable a full affordability assessment. The same stress rate will be applied to all other mortgages as well as the current application. 
  • A new valuation service will be introduced to assess rental demand and rental income for all other properties being let, with the results used to validate customer affordability.
  • For portfolio landlord applications, additional information will be asked for in relation to landlords’ experience, use of letting agents and future plans to expand or reduce their portfolio.

Here’s a summary of the changes being made in Q4:

 

  • Increase the total number of buy-to-let properties we will allow a landlord customer to own from 4 to 10. The total will include unencumbered properties and properties mortgaged with another lender.
  • Introduce a revised Interest Coverage Ratio (ICR) calculation of 5.5% x 135%, reduced from 5.5% x 145%. We will continue to top-slice if there is a rental shortfall, taking into account any free personal income the applicant may have. In all cases, expected rent must continue to meet a minimum rental cover calculation of 5.5% x 125%.
  • The maximum aggregate customer borrowing allowed will be increased to £3.5m, up from £2m.
  • The current £50,000 minimum income for aggregated borrowing over £1m will be removed. All customers will be required to meet the lender’s standard buy-to-let minimum income of £25,000.

As a responsible lender, we have been able to make these changes whilst ensuring that we maintain our risk appetite and the quality of business we accept.

 

We will communicate clearly over the coming weeks about what changes brokers need to make and what we will be doing differently so that we can have a smooth transition come 11 September when these changes are implemented.

Changes to the assessment of mortgage applications from higher earning self-employed contractors

Effective from Monday 7 August 2017

We have introduced some changes to the way we assess mortgage applications from self-employed contractors earning more than £75,000 a year. Here’s a summary of the way we assess their income, as well as the income proofs we require from them, with the changes highlighted in bold.

 

We calculate their income as their average weekly contract income multiplied by 46, provided they can confirm evidence of:

·        their latest 3 months’ consecutive personal bank statements for their main account (not required if their main account is with NatWest or RBS)

·        where significant business expenses are identified on the application, 3 months’ consecutive bank statements (personal or business) detailing these

·        a copy of contract(s) to encompass a 12-month period, with a minimum of 6 months’ contract(s) already completed immediately preceding the date of application.

·        they have taken no more than a six week break between contracts in the 12-month period

·        the tax position is paid and up to date.

 

There is some additional information that you need to be aware of when submitting an application for a customer who meets these criteria:

·        Key as self-employed. When using our web site or the MTE to submit an application, you must key the applicant as ‘Self-employed’ NOT ‘Employed’.

·        Operating via a limited company. The applicant(s) must meet one of the following circumstances:

o   Single applicant owning 100% of the company

o   Joint application where one applicant owns 100% of the company

o   Joint application where the company is jointly owned

o   Joint application where one applicant owns 100% of the company and the other applicant is employed by the company (in this instance the employed applicant’s income should be excluded to avoid double-counting).

·        Significant business expenses not reimbursed as part of an applicant’s contract. Significant business expenses as detailed below, must be fully understood, evidenced and accounted for in the affordability calculation. Significant business expenses may be, though not limited to:

o   Car/finance loans

o   Extended travel and accommodation costs

o   Training courses

o   Professional indemnity insurance

o   Partner/spouse/employee salaries

·        Umbrella arrangements. We cannot use the high earning contractors’ criteria to consider applications from customers using an umbrella company arrangement. Under these circumstances we would consider an application under our standard self-employed policy.

Mark Bullard and Tom Southwell win at British Mortgage Awards 2017

Friday 7 July 2017

Last night, at the British Mortgage Awards (BMAs), NatWest Intermediary Solutions was honoured again by the industry, with two of our team winning awards:

 

·         Mark Bullard won the Head of Sales and National Accounts Award

·     Tom Southwell won the Telephone Relationship Manager Award

 

In addition:

 

·     Tammy Butler was a runner-up for the Newcomer Award

·         James Chutter was a runner-up for the Business Development Award (for the 2nd year running)

 

These are the only mortgage industry awards that recognise individuals. Mark and Tom join Graham Felstead, Rachel Plane, Matt Wetherell and Lisa Maddox who have previously won at the BMAs in recent years.

NatWest was the only lender to have four finalists in four different categories.

 

Rate changes to core and semi-exclusive ranges

Effective from Friday 7 July 2017

On Friday 7 July 2017, we are introducing changes to our core and semi-exclusive ranges.

 

Core – rate reductions on several of our 2 and 5 year fixed rate residential purchase remortgage deals and a reduction in some of the cashback amounts. New rates include a 60% LTV, £995 product fee £350 cashback deal of 1.19%.

 

Semi-exclusives – withdrawal of two cashback deals, introduction of five new deals, rate changes on several purchase and remortgage products plus changes to cashback amounts including the introduction of cashback to some deals. New rates include a 60% LTV, £995 product fee deal of 1.15% and a 90% LTV, £0 product fee first-time buyer deal of 2.69% plus £750 cashback.

 

Here’s a full summary of the changes with product codes in brackets:

 

CORE RANGE

Residential

 

RATE AND CASHBACK CHANGES

First-time buyer 2 year fixed rate purchase

[FO14714] 90% LTV, decreasing by 3bps from 2.87% to 2.84% (3.7% APRC, 3.75% SVR), £0 product fee

 

2 year fixed rate purchase

[FO14689] 60% LTV, decreasing by 23bps from 1.42% to 1.19% (3.5% APRC, 3.75% SVR), £995 product fee and cashback reducing from £500 to £350

[FO14690] 70% LTV, decreasing by 12bps from 1.43% to 1.31% (3.5% APRC, 3.75% SVR), £995 product fee and cashback reducing from £500 to £350

[FO14691] 75% LTV, decreasing by 12bps from 1.45% to 1.33% (3.5% APRC, 3.75% SVR), £995 product fee and cashback reducing from £500 to £350

[FO14692] 80% LTV, decreasing by 15bps from 1.58% to 1.43% (3.5% APRC, 3.75% SVR), £995 product fee and cashback reducing from £500 to £350

[FO14693] 85% LTV, decreasing by 17bps from 1.67% to 1.50% (3.5% APRC, 3.75% SVR), £995 product fee and cashback reducing from £500 to £350

[FO14694] 90% LTV, decreasing by 5bps from 3.25% to 3.20% (3.7% APRC, 3.75% SVR), £0 product fee

[FO14695] 95% LTV, increasing by 4bps from 4.29% to 4.33% (3.9% APRC, 3.75% SVR), £0 product fee

 

5 year fixed rate purchase

[FO14696] 60% LTV, decreasing by 9bps from 1.82% to 1.73% (3.1% APRC, 3.75% SVR), £995 product fee and cashback reducing from £500 to £250

[FO14697] 70% LTV, decreasing by 13bps from 2.09% to 1.95% (3.2% APRC, 3.75% SVR), £995 product fee plus £500 cashback

[FO14698] 75% LTV, decreasing by 10bps from 2.11% to 2.01% (3.2% APRC, 3.75% SVR), £995 product fee plus £500 cashback

[FO14699] 80% LTV, decreasing by 12bps from 2.26% to 2.14% (3.3% APRC, 3.75% SVR), £995 product fee plus £500 cashback

[FO14700] 85% LTV, decreasing by 2bps from 2.42% to 2.40% (3.4% APRC, 3.75% SVR), £995 product fee plus £500 cashback

[FO14701] 90% LTV, decreasing by 12bps from 2.93% to 2.81% (3.5% APRC, 3.75% SVR), £995 product fee

 

5 year fixed rate remortgage

[FO14702] 60% LTV, decreasing by 67bps from 2.59% to 1.92% (3.2% APRC, 3.75% SVR), £995 product fee

[FO14703] 60% LTV, decreasing by 50bps from 3.15% to 2.65% (3.4% APRC, 3.75% SVR), £0 product fee

[FO14704] 70% LTV, decreasing by 63bps from 2.73% to 2.10% (3.3% APRC, 3.75% SVR), £995 product fee

[FO14705] 70% LTV, decreasing by 53bps from 3.18% to 2.75% (3.4% APRC, 3.75% SVR), £0 product fee

[FO14706] 75% LTV, decreasing by 78bps from 2.88% to 2.10% (3.2% APRC, 3.75% SVR), £995 product fee

[FO14707] 75% LTV, decreasing by 64bps from 3.39% to 2.75% (3.4% APRC, 3.75% SVR), £0 product fee

[FO14708] 80% LTV, decreasing by 71bps from 2.98% to 2.27% (3.3% APRC, 3.75% SVR), £995 product fee

[FO14709] 80% LTV, decreasing by 70bps from 3.55% to 2.85% (3.5% APRC, 3.75% SVR), £0 product fee

[FO14710] 85% LTV, decreasing by 90bps from 3.28% to 2.38% (3.3% APRC, 3.75% SVR), £995 product fee

[FO14711] 85% LTV, decreasing by 64bps from 3.58% to 2.94% (3.5% APRC, 3.75% SVR), £0 product fee

[FO14712] 90% LTV, decreasing by 40bps from 3.43% to 3.03% (3.6% APRC, 3.75% SVR), £995 product fee

[FO14713] 90% LTV, decreasing by 69bps from 3.89% to 3.30% (3.6% APRC, 3.75% SVR), £0 product fee

 

SEMI-EXCLUSIVE RANGE

Residential 

 

 

WITHDRAWALS

2 year fixed rate purchase

[FO14470] 60% LTV, 1.31% (3.5% APRC, 3.75% SVR), £995 product fee plus £500 cashback

 

5 year fixed rate purchase

[FO14478] 70% LTV, 2.06% (3.3% APRC, 3.75% SVR), £995 product fee plus £500 cashback

 

NEW

First-time buyer 2 year fixed rate purchase

[FO14749] 90% LTV, 2.69% (3.4% APRC, 3.75% SVR), £0 product fee plus £750 cashback

 

2 year fixed rate purchase

[FO14764] 75% LTV, 1.24% (3.5% APRC, 3.75% SVR), £995 product fee plus £350 cashback

[FO14765] 90% LTV, 2.04% (3.6% APRC, 3.75% SVR), £995 product fee

 

5 year fixed rate purchase

[FO14766] 60% LTV, 1.73% (3.5% APRC, 3.75% SVR), £995 product fee plus £350 cashback

[FO14767] 90% LTV, 3.79% (3.6% APRC, 3.75% SVR), £0 product fee

 

RATE AND CASHBACK CHANGES

First-time buyer 2 year fixed rate purchase

[FO14750] 80% LTV, decreasing by 10bps from 2.68% to 2.58% (3.4% APRC, 3.75% SVR), £0 product fee plus £500 cashback

[FO14751] 85% LTV, decreasing by 12bps from 2.87% to 2.75% (3.4% APRC, 3.75% SVR), £995 product fee plus £500 cashback

 

First-time buyer 5 year fixed rate purchase

[FO14752] 90% LTV, decreasing by 41bps from 3.50% to 3.09% (3.6% APRC, 3.75% SVR), £0 product fee plus £500 cashback

 

2 year fixed rate purchase

[FO14715] 60% LTV, decreasing by 4bps from 1.82% to 1.78% (3.5% APRC, 3.75% SVR), £0 product fee plus £500 cashback

[FO14716] 70% LTV, decreasing by 18bps from 1.42% to 1.24% (3.5% APRC, 3.75% SVR), £995 product fee and cashback reducing from £500 to £350

[FO14717] 70% LTV, decreasing by 10bps from 1.91% to 1.81% (3.5% APRC, 3.75% SVR), £0 product fee plus £500 cashback

[FO14718] 75% LTV, decreasing by 10bps from 1.91% to 1.81% (3.5% APRC, 3.75% SVR), £0 product fee plus £500 cashback

[FO14719] 80% LTV, decreasing by 19bps from 1.53% to 1.34% (3.5% APRC, 3.75% SVR), £995 product fee and cashback reducing from £500 to £350

[FO14720] 80% LTV, increasing by 14bps from 1.97% to 2.11% (3.5% APRC, 3.75% SVR), £0 product fee and introducing £500 cashback

[FO14721] 85% LTV, decreasing by 11bps from 1.56% to 1.45% (3.5% APRC, 3.75% SVR), £995 product fee and cashback reducing from £500 to £350

[FO14722] 85% LTV, decreasing by 1bp from 2.12% to 2.11% (3.5% APRC, 3.75% SVR), £0 product fee and introducing £500 cashback

 

5 year fixed rate purchase

[FO14723] 60% LTV, decreasing by 24bps from 2.33% to 2.09% (3.2% APRC, 3.75% SVR), £0 product fee plus 500 cashback

[FO14724] 70% LTV, decreasing by 21bps from 2.39% to 2.18% (3.3% APRC, 3.75% SVR), £0 product fee plus 500 cashback

[FO14725] 75% LTV, decreasing by 12bps from 2.07% to 1.95% (3.3% APRC, 3.75% SVR), £995 product fee plus £500 cash back

[FO14726] 75% LTV, decreasing by 5bps from 2.41% to 2.36% (3.3% APRC, 3.75% SVR), £0 product fee plus 500 cashback

[FO14727] 80% LTV, decreasing by 7bps from 2.19% to 2.12% (3.3% APRC, 3.75% SVR), £995 product fee plus £500 cashback

[FO14728] 85% LTV, decreasing by 4bps from 2.33% to 2.29% (3.4% APRC, 3.75% SVR), £995 product fee plus £500 cashback

[FO14729] 90% LTV, decreasing by 8bps from 2.82% to 2.74% (3.6% APRC, 3.75% SVR), £995 product fee

 

2 year fixed rate remortgage

[FO14730] 60% LTV, decreasing by 14bps from 1.29% to 1.15 % (3.5% APRC, 3.75% SVR), £995 product fee

[FO14731] 60% LTV, decreasing by 11bps from 1.64% to 1.53% (3.4% APRC, 3.75% SVR), £0 product fee

[FO14732] 70% LTV, decreasing by 5bps from 1.35% to 1.28% (3.5% APRC, 3.75% SVR), £995 product fee

[FO14733] 70% LTV, decreasing by 12bps from 1.74% to 1.62% (3.5% APRC, 3.75% SVR), £0 product fee

[FO14734] 75% LTV, decreasing by 7bps from 1.35% to 1.28% (3.5% APRC, 3.75% SVR), £995 product fee

[FO14735] 75% LTV, decreasing by 12bps from 1.74% to 1.62% (3.5% APRC, 3.75% SVR), £0 product fee

[FO14736] 80% LTV, decreasing by 15bps from 1.53% to 1.38% (3.5% APRC, 3.75% SVR), £995 product fee

[FO14737] 85% LTV, decreasing by 13bps from 1.58% to 1.45% (3.5% APRC, 3.75% SVR), £995 product fee

[FO14738] 85% LTV, decreasing by 16bps from 2.09% to 1.93% (3.5% APRC, 3.75% SVR). £0 product fee

[FO14739] 90% LTV, decreasing by 31bps from 2.49% to 2.18% (3.6% APRC, 3.75% SVR), £995 product fee

[FO14740] 90% LTV, decreasing by 26bps from 2.84% to 2.58% (3.6% APRC, 3.75% SVR). £0 product fee

 

5 year fixed rate remortgage

[FO14741] 60% LTV, decreasing by 9bps from 1.84% to 1.75% (3.1% APRC, 3.75% SVR), £995 product fee

[FO14742] 60% LTV, decreasing by 12bps from 2.09% to 1.97% (3.1% APRC, 3.75% SVR), £0 product fee

[FO14743] 70% LTV, decreasing by 12bps from 2.04% to 1.92% (3.2% APRC, 3.75% SVR), £995 product fee

[FO14744] 70% LTV, decreasing by 20bps from 2.29% to 2.09% (3.2% APRC, 3.75% SVR), £0 product fee

[FO14745] 75% LTV, decreasing by 6bps from 2.04% to 1.98% (3.2% APRC, 3.75% SVR), £995 product fee

[FO14746] 75% LTV, decreasing by 16bps from 2.29% to 2.13% (3.2% APRC, 3.75% SVR), £0 product fee

[FO14747] 80% LTV, decreasing by 10bps from 2.19% to 2.09% (3.2% APRC, 3.75% SVR), £995 product fee

[FO14748] 90% LTV, decreasing by 30bps from 3.09% to 2.79% (3.6% APRC, 3.75% SVR), £995 product fee

 

Cashback offers:

Offer can be changed/withdrawn at any time

Early repayment charges may apply

Your home may be repossessed if you do not keep up repayments on your mortgage

 

Overpayments:

Overpayments of up to 10% of the outstanding balance per annum are allowed during the initial deal period.

 

Early repayment charges:

2 year fixed rate: 2% until 30 November 2018, 1% until 30 November 2019

5 year fixed rate: 5% until 30 November 2018, 4% until 30 November 2019, 3% until 30 November, 2% until 30 November 2021, 1% until 30 November 2022

 

Minimum loan amounts:

£25,000

 

 

Transitional arrangements

You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on Thursday 6 July 2017.

 

The supporting documentation for online applications on these products must be received in our Mortgage Centre in Birmingham by close of business on Thursday 20 July 2017.

 

Missing information process

Cases received before Friday 7 July 2017 with missing information will be identified by the Broker Support Team, who will contact the broker to obtain this.  If the missing information cannot be completed on the same day, the case will not qualify for the expired deal.

 

If you are unable to submit an application online due to it being a porting case or there is a technical issue that cannot be resolved over the phone then, you must submit a paper-based application. You must e-mail your BDM by midday on Friday 7 July 2017. Requests received after this time will not be considered.

 

Your email must include in bullet points:

 

·         Your details - name, company and postcode

·         Customer name

·         Product applying for

·         Amount of mortgage loan

·         Reason for paper application - If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided

·         State whether you were trying to submit via NatWest Intermediary Solutions’ website or the Mortgage Trading Exchange

 

Paper applications must be signed by all applicants and the original received at the following address by close of business on Thursday 6 July 2017 for your rate to be honoured:

 

NatWest Intermediary Solutions

Broker Support Team

1st Floor

6 Brindley Place

Birmingham

B1 2UU

 

Any cases that are submitted with missing information will not be upheld.

 

Any cases submitted must have all supporting documentation by Thursday 20 July 2017.

 

If you have any questions around criteria or packaging please contact our LiveTALK team who will happily give you some guidance or if you have a complicated or a high value case you wish to discuss please give your BDM a call.

 

NatWest Intermediary Solutions wins Residential Lender of the Year at SimplyBiz Awards

Tuesday 4 July 2017

NatWest Intermediary Solutions won Residential Lender of the Year at the SimplyBiz Awards, that are voted for by members of the SimplyBiz mortgage club. It was also Highly Commended for Overall Lender of the Year and Luke Christodoulides was Highly Commended for National Account Manager of the Year.

 

 

 

 

NatWest Intermediary Solutions wins three awards at FT Adviser Online Service Awards

Friday 30 June 2017

NatWest Intermediary Solutions won three awards at last night's FT Adviser Online Service Awards, that are voted for by independent financial advisers and brokers:

 

  • 5 star award in the mortgage provider category
  • Most Improved Provider in the mortgage category
  • Innovation award within the mortgage category 

 

 

 

 

NEW Acceptable Income Types sales aid and Income Convertor ready reckoner available

Wednesday 28 June 2017

We have updated our Acceptable Income Types sales aid that lists the income and benefits payments we consider and introduced a new Income Convertor ready reckoner that converts gross monthly income into net monthly and weekly income. Both are available now on the Forms and guides page on this web site.

 

 

NatWest Intermediary Solutions wins Best Mortgage Lender Award at the Money Marketing Awards 2017

Friday 23 June 2017

NatWest Intermediary Solutions was named as the Best Mortgage Lender at last night's Money Marketing Awards 2017 - the first time we have ever won this award.

 

NatWest Intermediary Solutions wins Best Lender and BDM of the Year awards at L&G Mortgage Club Awards

Friday 9 June 2017

 

NatWest Intermediary Solutions was named as Best Overall Lender and Sonia Banks won BDM of the Year at the Legal & General Mortgage Club Awards 2017.

NEW Packaging Requirements check list now available

Friday 9 June 2017

We have updated our Packaging Requirements check list that is available now in the Forms and guides page on this web site.

 

It provides you with a checklist of the key documentation that you need to submit with a mortgage application for a range of customers’ circumstances.  Please familiarise yourself with these requirements to ensure that your applications do not experience any avoidable delays.

NatWest wins Best Bank Mortgage Provider at Moneyfacts Awards 2017

Wednesday 7 June 2017

 

At the Moneyfacts Awards 2017, NatWest was named as the Winner of the Best Bank Mortgage Provider.

NatWest Intermediary Solutions was also Highly Commended  for Best Online Mortgage Provider.

 

Product extension due to Equifax outage (now resolved)

Monday 22 May 2017

 

An Equifax outage has this morning prevented submission of Agreements In Principle and Full Mortgage Applications.

 

This issue is now resolved but in view of the reduced time available to submit applications on rates being withdrawn tonight, a decision has been made to extend availability of the 11 products where rates are increasing. These will now be available until midnight Tuesday 23rd May.

 

Rate changes to core and semi-exclusive ranges

Effective from Tuesday 23 May 2017

On Tuesday 23 May 2017, we are introducing £500 cashback and making rate changes to several of our mortgage deals in our core and semi-exclusive ranges. Here’s a full summary of the changes with product codes in brackets:

 

CORE RANGE

 

Residential

 

2 year fixed rate purchase

[FO14463] 60% LTV, increasing by 1bp from 1.41% to 1.42% (3.5% APRC, 3.75% SVR), £995 product fee plus £500 cashback

[FO 14465] 70% LTV, increasing by 2bps from 1.41% to 1.43% (3.5% APRC, 3.75% SVR), £995 product fee plus £500 cashback

[FO14466] 75% LTV, increasing by 3bps from 1.42% to 1.45% (3.5% APRC, 3.75% SVR), £995 product fee plus £500 cashback

[FO14467] 80% LTV, increasing by 9bps from 1.49% to 1.58% (3.5% APRC, 3.75% SVR), £995 product fee plus £500 cashback

[FO14468] 85% LTV, decreasing by 5bps from 1.72% to 1.67% (3.5% APRC, 3.75% SVR), £995 product fee plus £500 cashback

[FO14469] 95% LTV, increasing by 15bps from 4.14% to 4.29% (3.9% APRC, 3.75% SVR), £0 product fee

 

5 year fixed rate purchase

[FO14484] 60% LTV, decreasing by 30bps from 2.12% to 1.82% (3.2% APRC, 3.75% SVR), £995 product fee plus £500 cashback

[FO14485] 70% LTV, decreasing by 14bps from 2.23% to 2.09% (3.3% APRC, 3.75% SVR), £995 product fee plus £500 cashback

[FO 14486] 75% LTV, decreasing by 12bps from 2.23% to 2.11% (3.3% APRC, 3.75% SVR), £995 product fee plus £500 cashback

[FO14487] 80% LTV, decreasing by 22bps from 2.48% to 2.26% (3.3% APRC, 3.75% SVR), £995 product fee plus £500 cashback

[FO14488] 85% LTV, decreasing by 21bps from 2.63% to 2.42% (3.3% APRC, 3.75% SVR), £995 product fee plus £500 cashback

[FO 14489] 95% LTV, increasing by 16bps from 4.65% to 4.81% (4.3% APRC, 3.75% SVR), £0 product fee

 

SEMI-EXCLUSIVE RANGE

 

Residential

 

2 year fixed rate purchase

[FO14470] NEW 60% LTV, 1.31% (3.5% APRC, 3.75% SVR), £995 product fee plus £500 cashback

[FO14471] 60% LTV, decreasing by 1bp from 1.83% to 1.82% (3.5% APRC, 3.75% SVR), £0 product fee plus £500 cashback

[FO14472] NEW 70% LTV, 1.42% (3.5% APRC, 3.75% SVR), £995 product plus £500 cashback

[FO14473] 70% LTV, increasing by 8bps from 1.83% to 1.91% (3.5% APRC, 3.75% SVR), £0 product fee plus £500 cashback

[FO14474] 75% LTV, increasing by 7bps from 1.84% to 1.91% (3.5% APRC, 3.75% SVR), £995 product fee plus £500 cashback

[FO14475] 80% LTV, increasing by 7bps from 1.46% to 1.53% (3.5% APRC, 3.75% SVR), £995 product fee plus £500 cashback

 

[FO14476] 85% LTV, 1.56% (3.5% APRC, 3.75% SVR), £995 product fee plus £500 cashback

 

5 year fixed rate purchase

[FO 14477] 60% LTV, increasing by 4bps from 2.29% to 2.33% (3.2% APRC, 3.75% SVR), new £0 product fee plus 500 cashback

[FO14478] 70% LTV, decreasing by 12bps from 2.18% to 2.06% (3.3% APRC, 3.75% SVR), £995 product fee plus 500 cashback

[FO 14479] 70% LTV, decreasing by 9bps from 2.48% to 2.39% (3.3% APRC, 3.75% SVR), £0 product fee plus £500 cashback

[FO 14480] 75% LTV, decreasing by 13bps from 2.20% to 2.07% (3.3% APRC, 3.75% SVR), £995 product fee plus £500 cashback

[FO 14481] 75% LTV, decreasing by 5bps from 2.46% to 2.41% (3.3% APRC, 3.75% SVR), £995 product fee plus £500 cashback

 [FO14482] 80% LTV, decreasing by 3bps from 2.22% to 2.19% (3.3% APRC, 3.75% SVR), £995 product fee plus £500 cashback

 [FO14483] 85% LTV, increasing by 3bps from 2.30% to 2.33% (3.4% APRC, 3.75% SVR), £995 product fee plus £500 cashback

 

2 year fixed rate remortgage

[FO14490] 60% LTV, decreasing by 15bps from 1.44% to 1.29 % (3.5% APRC, 3.75% SVR), £995 product fee

[FO14491] 60% LTV, decreasing by 15bps from 1.79% to 1.64% (3.5% APRC, 3.75% SVR), £0 product fee

[FO14492] 70% LTV, decreasing by 19bps from 1.54% to 1.35% (3.5% APRC, 3.75% SVR), £995 product fee

[FO14493] 70% LTV, decreasing by 5bps from 1.79% to 1.74% (3.5% APRC, 3.75% SVR), £0 product fee

[FO14494] 75% LTV, decreasing by 19bps from 1.54% to 1.35% (3.5% APRC, 3.75% SVR), £995 product fee

[FO14495] 75% LTV, decreasing by 5bps from 1.79% to 1.74% (3.5% APRC, 3.75% SVR), £0 product fee

[FO14496] 80% LTV, decreasing by 11bps from 1.64% to 1.53% (3.5% APRC, 3.75% SVR), £995 product fee

[FO14497] 80% LTV, decreasing by 9bps from 1.93% to 1.84% (3.5% APRC, 3.75% SVR), £0 product fee

[FO14498] 85% LTV, decreasing by 39bps from 1.97% to 1.58% (3.5% APRC, 3.75% SVR), £995 product fee

[FO14499] 85% LTV, decreasing by 29bps from 2.38% to 2.09% (3.5% APRC, 3.75% SVR). £0 product fee

 

5 year fixed rate remortgage

[FO14500] 60% LTV, decreasing by 35bps from 2.19% to 1.84% (3.2% APRC, 3.75% SVR), £995 product fee

[FO14501] 60% LTV, decreasing by 15bps from 2.24% to 2.09% (3.2% APRC, 3.75% SVR), £0 product fee

[FO14502] 70% LTV, decreasing by 19bps from 2.23% to 2.04% (3.2% APRC, 3.75% SVR ), £995 product fee

[FO14503] 70% LTV, decreasing by 5bps from 2.43% to 2.29% (3.2% APRC, 3.75% SVR), £0 product fee

[FO14504] 75% LTV, decreasing by 20bps from 2.24% to 2.04% (3.2% APRC, 3.75% SVR), £995 product fee

[FO14505] 75% LTV, decreasing by 19bps from 2.48% to 2.29% (3.2% APRC, 3.75% SVR), £0 product fee

[FO14506] 80% LTV, decreasing by 15bps from 2.34% to 2.19% (3.3% APRC, 3.75% SVR), £995 product fee

[FO14507] 85% LTV, decreasing by 25bps from 2.54% to 2.29% (3.3% APRC, 3.75% SVR), £995 product fee

 

Overpayments:

Overpayments of up to 10% of the outstanding balance per annum are allowed during the initial deal period.

 

Early repayment charges:

2 year fixed rate: 2% until 31 August 2018, 1% until 31 August l 2019

5 year fixed rate: 5% until 31 August 2018, 4% until 31 August 2019, 3% until 31 August 2020, 2% until 31 August 2021, 1% until 31 August 2022

 

Minimum loan amounts:

£25,000

 

Transitional arrangements

You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on Monday 22 May 2017.

 

The supporting documentation for online applications on these products must be received in our Mortgage Centre in Birmingham by close of business on Tuesday 6 June 2017.

 

Missing information process

Cases received before Tuesday 23 May 2017 with missing information will be identified by the Broker Support Team, who will contact the broker to obtain this.  If the missing information cannot be completed on the same day, the case will not qualify for the expired deal.

 

If you are unable to submit an application online due to it being a porting case or there is a technical issue that cannot be resolved over the phone then, you must submit a paper-based application. You must e-mail your BDM by midday on Tuesday 23 May 2017. Requests received after this time will not be considered.

 

Your email must include in bullet points:

 

·         Your details - name, company and postcode

·         Customer name

·         Product applying for

·         Amount of mortgage loan

·         Reason for paper application - If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided

·         State whether you were trying to submit via NatWest Intermediary Solutions’ website or the Mortgage Trading Exchange

 

Paper applications must be signed by all applicants and the original received at the following address by close of business on Thursday 25 May 2017 for your rate to be honoured:

 

NatWest Intermediary Solutions

Broker Support Team

1st Floor

6 Brindley Place

Birmingham

B1 2UU

 

Any cases that are submitted with missing information will not be upheld.

 

Any cases submitted must have all supporting documentation by Tuesday 6 June 2017.

 

If you have any questions around criteria or packaging please contact our LiveTALK team who will happily give you some guidance or if you have a complicated or a high value case you wish to discuss please give your BDM a call.

 

Changes to minimum income for Interest Only, New Build houses maximum LTV and LTI maximums for larger loans

Effective from Friday 12 May

Following a review of our lending policies and key market segments, we are making changes to our lending criteria in a number of areas from Friday 12 May. This includes the minimum income requirement for Interest Only mortgages, the maximum LTV for New Build houses and the loan to income maximums for larger loans.

 

Interest Only minimum income

The minimum income requirement from at least one applicant for a residential Interest Only mortgage is being reduced from £100,000 to £75,000. The usual income types, except discretionary bonuses, can be considered and will not be changing.

 

New Build houses maximum LTV

The maximum LTV for a residential mortgage on a New Build house is being increased from 80% to 85%. The maximum LTV for residential mortgages for New Build flats will remain at 75%. There are no changes to the LTV limits for buy-to-let mortgages on New Build properties.

 

Loan to income maximums

Currently, the loan to income maximum for loans of more than £500,000 is four times income. From 12 May, the loan to income maximums for loans of over £500,000 will be raised for all LTV bands up to 90% LTV, to match the current limits for loans of £500,000 or less. Please note, the maximum loan to income for loans over 90% LTV remains at four times income, reflecting our standard policy.

 

NatWest Intermediary Solutions wins more industry awards

Friday 5 May

Just Mortgages 2016 Awards

NatWest Intermediary Solutions was named as Best Overall Lender and Best Buy-to-let Lender at the Just Mortgages 2016 Awards. Just Mortgages is the mortgage and protection division of Spicer McColl Estate Agency Group and largest Appointed Representative of Openwork.

 

MAB 2017 Awards

NatWest Intermediary Solutions was named as Best Overall Lender and Best Lender Service with James Champion being named as BDM of the Year at the MAB 2017 Awards.

 

Rate changes to core and semi-exclusive ranges

Effective from Wednesday 3 May 2017

On Wednesday 3 May 2017, we are introducing some changes to rates in our core and semi-exclusive ranges. Here’s a full summary of the changes with product codes in brackets:

 

CORE RANGE

 

Residential

 

RATE CHANGE:  2 year fixed rate purchase

[FO14429] 95% LTV increasing by 5bps from 4.09% to 4.14% (APRC 3.9%, SVR 3.75%), £0 product fee

 

RATE CHANGE:  5 year fixed rate purchase

[FO14430] 85% LTV decreasing by 10bps from 2.73% to 2.63% (APRC 3.4%, SVR 3.75%), £995 product fee

[FO14431] 90% LTV decreasing by 10bps from 3.03% to 2.93% (APRC 3.6%, SVR 3.75%), £995 product fee

[FO14432] 95% LTV increasing by 6bps from 4.59% to 4.65% (APRC 4.2%, SVR 3.75%), £0 product fee

 

Buy-to-let

 

RATE CHANGE:  2 year fixed rate purchase

[FO14435] 60% LTV decreasing by 13bps from 1.95% to 1.82% (APRC 4.2%, SVR 4.25%), £1,995 product fee

 

SEMI-EXCLUSIVE RANGE

 

Residential

 

RATE CHANGE: 5 year fixed rate purchase

[FO14433] 85% LTV decreasing by 17bps from 2.47% to 2.30% (APRC 3.4%, SVR 3.75%), £995 product fee

[FO14434] 90% LTV decreasing by 17bps from 2.99% to 2.82% (APRC 3.6%, SVR 3.75%), £995 product fee

 

Buy-to-let

 

RATE CHANGE: 2 year fixed rate purchase

[FO14436] 60% LTV decreasing by 24bps from 2.08% to 1.84% (APRC 4.1%, SVR 4.25%), £995 product fee

[FO14437] 60% LTV decreasing by 26bps from 2.65% to 2.39% (APRC 4.0%, SVR 4.25%), £0 product fee

[FO14438] 70% LTV decreasing by 16bps from 2.33% to 2.17% (APRC 4.1%, SVR 4.25%), £995 product fee

[FO14439] 70% LTV decreasing by 5bps from 2.83% to 2.78% (APRC 4.1%, SVR 4.25%), £0 product fee

[FO14440] 75% LTV decreasing by 16bps from 2.33% to 2.17% (APRC 4.1%, SVR 4.25%), £995 product fee

[FO14441] 75% LTV decreasing by 15bps from 2.93% to 2.78% (APRC 4.1%, SVR 4.25%), £0 product fee

 

RATE CHANGE: 5 year fixed rate purchase

[FO14442] 60% LTV decreasing by 10bps from 2.72% to 2.62% (APRC 3.9%, SVR 4.25%), £1,995 product fee

 

RATE CHANGE: 2 year tracker purchase

[TO4005] 60% LTV decreasing by 2bps from 2.01% to 1.99% (APRC 4.1%, SVR 4.25%)(NatWest Bank Base Rate +1.74%), £995 product fee

 

RATE CHANGE: 2 year fixed rate remortgage

[FO14443] 60% LTV decreasing by 26bps from 2.08% to 1.82% (APRC 4.1%, SVR 4.25%), £995 product fee

[FO14444] 60% LTV decreasing by 27bps from 2.65% to 2.38% (APRC 4.0%, SVR 4.25%), £0 product fee

[FO14445] 70% LTV decreasing by 14bps from 2.39% to 2.25% (APRC 4.1%, SVR 4.25%), £995 product fee

[FO14446] 70% LTV decreasing by 15bps from 2.93% to 2.78% (APRC 4.1%, SVR 4.25%), £0 product fee

[FO14447] 75% LTV decreasing by 16bps from 2.49% to 2.33% (APRC 4.1%, SVR 4.25%), £995 product fee

[FO14448] 75% LTV decreasing by 22bps from 3.04% to 2.82% (APRC 4.1%, SVR 4.25%), £0 product fee

 

RATE CHANGE: 5 year fixed rate remortgage

[FO14449] 60% LTV decreasing by 9bps from 2.73% to 2.64% (APRC 4.0%, SVR 4.25%), £1,995 product fee

[FO14450] 70% LTV decreasing by 8bps from 3.05% to 2.97% (APRC 4.1%, SVR 4.25%), £1,995 product fee

 

RATE CHANGE: 2 year tracker remortgage

[TO4006] 60% LTV decreasing by 19bps from 2.16% to 1.97% (APRC 4.1%, SVR 4.25%)(NatWest Bank Base Rate +1.72%), £995 product fee

[TO4007] 70% LTV decreasing by 9bps from 2.54% to 2.45% (APRC 4.1%, SVR 4.25%)(NatWest Bank Base Rate +2.20%), £995 product fee 

 

Overpayments:

Overpayments of up to 10% of the outstanding balance per annum are allowed during the initial deal period.

 

Early repayment charges:

2 year fixed rate: 2% until 31 August 2018, 1% until 31 August 2019

5 year fixed rate: 5% until 31 August 2018, 4% until 31 August 2019, 3% until 31 August 2020, 2% until 31 August 2021, 1% until 31 August 2022

2 tracker: 1% until 31 August 2018, 0.5% until 31 August 2019

 

Minimum loan amounts:

£25,000

 

For a complete listing of all our mortgage products, please visit the product page.

 

Transitional Arrangements

 

You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on 2nd May 2017.

 

The supporting documentation for online applications on these products must be received in our Mortgage Centre in Birmingham by close of business on 16 May 2017.

 

Missing Information Process

 

Cases received before 3 May 2017 with missing information will be identified by the Broker Support Team, who will contact the broker to obtain this.  If the missing information cannot be completed on the same day, the case will not qualify for the expired deal.

 

If you are unable to submit a case online due to a technical issue that cannot be resolved over the phone then you must submit a paper based application. These will only be accepted for the below reasons and you must e-mail your Business Development Manager (BDM) by midday on 3 May 2017. Requests received after this time will not be considered.

 

Your email must include in bullet point:

 

Your details (name, company and postcode)

Client name

Product to choose

Amount looking to borrow

Reason for paper application - (If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided).

Were you trying to submit via NatWest Intermediary Solutions’ website or Mortgage Trading Exchange? 

 

Paper applications must be signed by all applicants and the original received at the following address by close of business 5 May 2017 for your rate to be honoured:

 

NatWest Intermediary Solutions

Broker Support Team

1st Floor

6 Brindley Place

Birmingham

B1 2UU

 

Any cases that are submitted with missing information will not be upheld.

 

Any cases submitted must have all supporting documentation by 16 May 2017.

If you have any questions around criteria or packaging please contact our LiveTALK team who will happily give you some guidance or if you have a complicated or a high value case you wish to discuss please give your BDM a call.

 

NatWest Intermediary Solutions launches in Northern Ireland

Friday 7 April

Today, we have introduced our intermediary mortgage proposition to Northern Ireland, offering mortgage brokers in the province exactly the same products, proposition, lending criteria and policy as we do to intermediaries in England, Wales and Scotland.

 

Brokers will be able to submit customer applications for existing Ulster Bank mortgages until close of business on Thursday 20 April, after which the Ulster Bank intermediary mortgage range will be withdrawn.

 

We are running a programme of over 20 workshops in May and June where our BDMs will be going through the key aspects of our proposition in detail. We are really looking forward to working in partnership with the brokers of Northern Ireland and have an appetite to grow our lending to their customers.

 

Valuation notifications to be sent to brokers

Monday 20 March

From today, brokers will receive email notifications about the progress of valuations for their customers’ mortgage applications. The email will be sent from Legal & General  who   manage  NatWest Intermediary Solutions’ valuation panel.

 

Brokers will receive notification of:

 

•         the date the  valuation has been booked

•         confirmation that the valuation has been carried out and when NatWest will be in touch with the outcome             •         cancellation of a property valuation  (where applicable)

 

Each email will include the customer’s surname and Mortgage Reference Number.

End dates change

Effective from Friday 17 March

The end dates on all our intermediary mortgage products will change on Friday 17 March to:

 

2 year deals: 31 August 2019

5 year deals: 31 August 2022

 

Transitional Arrangements

 

You’ll be able to produce KFIs and submit applications online for existing deals up to 10:30pm on Thursday 16th March.

 

The supporting documentation for online applications on these products must be received in our Mortgage Centre in Birmingham by close of business on Wednesday 30th March.

 

The full product fee is payable on application and is non refundable once we have produced the full mortgage offer.  If selecting an alternative product from our range, the new product fee will be applicable as usual.

 

Missing Information Process

 

Cases received before Friday 17th March with missing information will be indentified by the Broker Support Team, who will contact the broker to obtain this.  If the missing information cannot be completed on the same day, the case will not qualify for the expired deal.

 

If you are unable to submit a case online due to being more than two applicants, guarantor, ex pat or there is a technical issue that cannot be resolved over the phone then you must submit a paper based application. These will only be accepted for the previous reasons and you must e-mail your Broker Development Manager (BDM) by midday on Friday 17th March. Requests received after this time will not be considered.

 

Your email must include in bullet point:

 

Your details (name, company and postcode)

Client name

Product to choose

Amount looking to borrow

Reason for paper application - (If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided).

Were you trying to submit via NW Intermediary Solutions Website or Mortgage Trading Exchange?

 

Paper applications must be signed by all applicants and the original received at the following address by close of business Tuesday 21st March for your rate to be honoured:

 

NatWest Intermediary Solutions

Broker Support Team

1st Floor

6 Brindley Place

Birmingham

B1 2 UU

 

Any cases that are submitted with missing information will not be upheld.

 

Any cases submitted must have all supporting documentation by Thursday 30th March.

NatWest Intermediary Solutions to launch in Northern Ireland

Thursday 9 March

NatWest Intermediary Solutions will be introduced as the RBS Group’s intermediary mortgage proposition for Northern Ireland next month. NatWest Intermediary Solutions currently operates in England, Wales and Scotland and will offer Northern Ireland mortgage brokers exactly the same proposition, lending criteria and policy.

 

Graham Felstead, Head of Intermediary Mortgages, NatWest Intermediary Solutions, said, “This is a positive move for brokers in Northern Ireland as we are well placed to support the future growth and sustainability of mortgage lending in the province. It will result in an enhanced overall service that will provide mortgage intermediaries with a bespoke proposition offering them greater choice and flexibility in addressing their customers’ mortgage requirements.

 

“To ensure that brokers are brought fully up to speed with this new arrangement, we will be holding two events prior to launch to welcome them to NatWest, to explain our processes and to give them a better understanding of our products and lending criteria. We are really looking forward to working in partnership with the brokers of Northern Ireland and have an appetite to grow our lending to their customers.”

 

Invitations to the launch events will be sent out to brokers in due course.

NEW - Buy-to-let guide and Scan & email user guide now available

Tuesday 7 March

We have updated two of our broker guides which can now be found on our Forms and guides page.

 

Buy-to-let guide - summarises the affordability calculation used to assess a buy-to-let mortgage application and our lending criteria. It also provides you with a ready reckoner to help you work out the rental income needed using the 5.5% x 145% rental cover calculation.

 

Scan & email user guide - takes you step-by-step through the process you need to follow to successfully submit supporting documentation for a customer's mortgage application.

LiveTALK - Change to Wednesday opening hours

Effective from Wednesday 22 February

With effect from Wednesday 22nd of February we will be changing the opening hours for our LiveTALK service to 10am-5pm on Wednesdays only.  This will allow our LiveTALK team to have a consistent amount of quality time each week for training and development.  LiveTALK will be available to support you from 9am-6pm on Monday, Tuesday, Thursday & Friday and 10am-5pm on Wednesday (except Bank Holidays).

Changes to core and semi-exclusive ranges

Effective from Tuesday 21 February

On Tuesday 21 February, we are introducing some changes to our core and semi-exclusive ranges.

 

 

  • Core range: We are withdrawing our 3 year fixed rate mortgages and making changes to the rates on some 2 & 5 year fixed rate purchase and remortgage deals.

 

  • Semi-exclusive range: We are making minor rate changes to a selection of 2 and 5 year fixed rate residential deals and withdrawing some 2 & 5 year fixed rate deals and two first-time buyer products.

 

 

Here’s a full summary of the changes with product codes in brackets:

 

 

CORE RANGE

 

Residential

 

WITHDRAWAL: 3 year fixed rate purchase and remortgage (unless stated)

 

  • [FO13695/FO13701] 60% LTV 1.59% purchase and 1.68% remortgage (APRC 3.4%, SVR 3.75%), £995 product fee
  • [FO13696/FO13702] 60% LTV 1.98% (APRC 3.4%, SVR 3.75%), £0 product fee
  • [FO13697/FO13703] 70% LTV 1.79% purchase and 1.88% remortgage (APRC 3.4%, SVR 3.75%), £995 product fee
  • [FO13698/FO13704] 70% LTV 2.76% (APRC 3.6%, SVR 3.75%), £0 product fee
  • [FO13699/FO13705] 75% LTV 2.30% (APRC 3.5%, SVR 3.75%), £995 product fee
  • [FO13700/FO13706] 75% LTV 2.85% (APRC 3.6%, SVR 3.75%), £0 product fee
  • [FO13691/FO13693] 80% LTV 2.43% (APRC 3.6%, SVR 3.75%), £995 product fee
  • [FO13692/FO13694] 80% LTV 2.98% (APRC 3.6%, SVR 3.75%), £0 product fee
  • [FO13683/FO13686] 85% LTV 2.83% (APRC 3.7%/3.6%, SVR 3.75%), £995 product fee
  • [FO13684/FO13687] 85% LTV 3.32% (APRC 3.7%, SVR 3.75%), £0 product fee
  • [FO13685/FO13688] 90% LTV 3.11% (APRC 3.7%, SVR 3.75%), £995 product fee
  • [FO13690/FO13689] 90% LTV 3.58% (APRC 3.8%, SVR 3.75%), £0 product fee
  •  

    RATE CHANGE: 2 year fixed rate purchase – First-time buyer only £500 cashback

    [FO13767] 90% LTV increasing by 4bps from 2.83% to 2.87% (APRC 3.8%, SVR 3.75%), £0 product fee

     

    RATE CHANGE: 2 year fixed rate purchase

    [FO13989] 60% LTV increasing by 9bps from 1.32% to 1.41% (APRC 3.5%, SVR 3.75%), £995 product fee

    [FO13990] 90% LTV increasing by 6bps from 2.35% to 2.41% (APRC 3.7%, SVR 3.75%), £995 product fee

    [FO13991] 90% LTV increasing by 27bps from 2.98% to 3.25% (APRC 3.7%, SVR 3.75%), £0 product fee

    [FO13992] 95% LTV increasing by 40bps from 3.69% to 4.09% (APRC 3.9%, SVR 3.75%), £0 product fee

     

    RATE CHANGE: 5 year fixed rate purchase

    [FO13993] 60% LTV increasing by 14bps from 1.98% to 2.12% (APRC 3.3%, SVR 3.75%), £995 product fee

     

    RATE CHANGE: 2 year fixed rate remortgage

    [FO13994] 60% LTV increasing by 6bps from 1.74% to 1.80% (APRC 3.6%, SVR 3.75%), £995 product fee

    [FO13995] 60% LTV increasing by 5bps from 2.54% to 2.59% (APRC 3.6%, SVR 3.75%), £0 product fee

    [FO13996] 70% LTV increasing by 5bps from 1.94% to 1.99% (APRC 3.6%, SVR 3.75%), £995 product fee

    [FO13997] 70% LTV increasing by 10bps from 2.59% to 2.69% (APRC 3.6%, SVR 3.75%), £0 product fee

    [FO13998] 75% LTV increasing by 2bps from 1.97% to 1.99% (APRC 3.6%, SVR 3.75%), £995 product fee

    [FO13999] 75% LTV increasing by 6bps from 2.63% to 2.69% (APRC 3.6%, SVR 3.75%), £0 product fee

     

    RATE CHANGE: 5 year fixed rate remortgage

    [FO14000] 60% LTV increasing by 6bps from 2.53% to 2.59% (APRC 3.4%, SVR 3.75%), £995 product fee

    [FO14001] 60% LTV increasing by 5bps from 3.10% to 3.15% (APRC 3.6%, SVR 3.75%), £0 product fee

     

    SEMI-EXCLUSIVE RANGE

     

    Residential

     

    WITHDRAWAL: 2 year fixed rate purchase

    [FO13964] 60% LTV 1.28% (APRC 3.5%, SVR 3.75%), £995 product fee

    [FO13966] 70% LTV 1.34% (APRC 3.5%, SVR 3.75%), £995 product fee

    [FO13967] 75% LTV 1.39% (APRC 3.5%, SVR 3.75%), £995 product fee

    [FO13969] 90% LTV 2.21% (APRC 3.6%, SVR 3.75%), £995 product fee

    [FO13653] 90% LTV 2.65% (APRC 3.6%, SVR 3.75%), £0 product fee

     

    WITHDRAWAL: 5 year fixed rate purchase

    [FO13770] 60% LTV 1.93% (APRC 3.2%, SVR 3.75%), £995 product fee

     

    WITHDRAWAL: 2 year fixed rate first-time buyer only £500 cashback purchase

    [FO13681] 80% LTV 2.21% (APRC 3.6%, SVR 3.75%), £0 product fee

    [FO13682] 85% LTV 2.30% (APRC 3.6%, SVR 3.75%), £0 product fee

     

    RATE CHANGE: 2 year fixed rate purchase

    [FO14003] 60% LTV increasing by 16bps from 1.67% to 1.83% (APRC 3.5%, SVR 3.75%), £0 product fee

    [FO14004] 70% LTV increasing by 16bps from 1.67% to 1.83% (APRC 3.5%, SVR 3.75%), £0 product fee

    [FO14005] 75% LTV increasing by 17bps from 1.67% to 1.84% (APRC 3.5%, SVR 3.75%), £0 product fee

    [FO14006] 80% LTV increasing by 1bp from 1.45% to 1.46% (APRC 3.5%, SVR 3.75%), £995 product fee

    [FO14007] 80% LTV increasing by 3bps from 1.94% to 1.97% (APRC 3.5%, SVR 3.75%), £0 product fee

    [FO14008] 85% LTV increasing by 1bp from 1.55% to 1.56% (APRC 3.5%, SVR 3.75%), £995 product fee

    [FO14009] 85% LTV increasing by 6bps from 2.06% to 2.12% (APRC 3.6%, SVR 3.75%), £0 product fee

     

    RATE CHANGE: 5 year fixed rate purchase

    [FO14010] 60% LTV increasing by 16bps from 2.13% to 2.29% (APRC 3.2%, SVR 3.75%), £0 product fee

    [FO14011] 70% LTV increasing by 8bps from 2.38% to 2.46% (APRC 3.3%, SVR 3.75%), £0 product fee

     [FO14012] 80% LTV increasing by 2bps from 2.20% to 2.22% (APRC 3.3%, SVR 3.75%), £995 product fee

    [FO14013] 85% LTV increasing by 5bps from 2.42% to 2.47% (APRC 3.4%, SVR 3.75%), £995 product fee

     

    RATE CHANGE: 2 year fixed rate remortgage

    [FO14014] 60% LTV increasing by 12bps from 1.32% to 1.44% (APRC 3.5%, SVR 3.75%), £995 product fee

    [FO14015] 60% LTV increasing by 6bps from 1.73% to 1.79% (APRC 3.5%, SVR 3.75%), £0 product fee

    [FO14016] 70% LTV increasing by 9bps from 1.45% to 1.54% (APRC 3.5%, SVR 3.75%), £995 product fee

    [FO14017] 70% LTV increasing by 1bp from 1.78% to 1.79% (APRC 3.5%, SVR 3.75%), £0 product fee

    [FO14018] 75% LTV increasing by 9bps from 1.45% to 1.54% (APRC 3.5%, SVR 3.75%), £995 product fee

    [FO14019] 75% LTV increasing by 1bp from 1.78% to 1.79% (APRC 3.5%, SVR 3.75%), £0 product fee

    [FO14020] 80% LTV increasing by 1bp from 1.63% to 1.64% (APRC 3.5%, SVR 3.75%), £995 product fee

    [FO14021] 80% LTV increasing by 5bps from 1.88% to 1.93% (APRC 3.5%, SVR 3.75%), £0 product fee

    [FO14022] 85% LTV increasing by 23bps from 1.74% to 1.97% (APRC 3.6%, SVR 3.75%), £995 product fee

    [FO14023] 85% LTV increasing by 20bps from 2.18% to 2.38% (APRC 3.6%, SVR 3.75%), £0 product fee

    [FO14024] 90% LTV increasing by 15bps from 2.34% to 2.49% (APRC 3.7%, SVR 3.75%), £995 product fee

    [FO14025] 90% LTV increasing by 10bps from 2.74% to 2.84% (APRC 3.7%, SVR 3.75%), £0 product fee

     

    RATE CHANGE: 5 year fixed rate remortgage

    [FO14026] 60% LTV increasing by 21bps from 1.98% to 2.19% (APRC 3.3%, SVR 3.75%), £995 product fee

    [FO14027] 60% LTV increasing by 6bps from 2.18% to 2.24% (APRC 3.2%, SVR 3.75%), £0 product fee

    [FO14028] 80% LTV increasing by 5bps from 2.29% to 2.34% (APRC 3.3%, SVR 3.75%), £995 product fee

    [FO14029] 85% LTV increasing by 10bps from 2.44% to 2.54% (APRC 3.4%, SVR 3.75%), £995 product fee

     

    Overpayments:

    Overpayments of up to 10% of the outstanding balance per annum are allowed during the initial deal period.

     

    Early repayment charges:

    2 year fixed rate: 2% until 30 April 2018, 1% until 30 April 2019

    3 year fixed rate: 3% until 30 April 2018, 2% until 30 April 2019, 1% until 30 April 2020

    5 year fixed rate: 5% until 30 April 2018, 4% until 30 April 2019, 3% until 30 April 2020, 2% until 30 April 2021, 1% until 30 April 2022

     

    Minimum loan amounts:

    £25,000

     

    For a complete listing of all our mortgage products, please visit the product page.

     

    Transitional arrangements

    You’ll be able to produce KFIs and submit applications online for existing deals up to 10:30pm on 20 February 2017.

     

    Supporting documentation for online applications must be received in our Mortgage Centre in Birmingham by close of business on 6 March 2017.

     

    Missing information process

    Cases received before 21 February 2017 with missing information will be identified by the Broker Support Team, who will contact you to obtain this.  If the missing information cannot be completed on the same day, the case will not qualify for the expired deal.

     

    If you are unable to submit a case online then you must submit a paper-based application and e-mail your BDM by midday on 21 February 2017. Requests received after this time will not be considered.

     

    Your email must include in bullet points:

     

    ·         Your details (name, company and postcode)

    ·         Client name

    ·         Product to choose

    ·         Amount looking to borrow

    ·         Reason for paper application - if you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided.

    ·         Whether you were trying to submit the application via the NatWest Intermediary Solutions website or Mortgage Trading Exchange?

     

    Paper applications must be signed by all applicants and the original received at the following address by close of business 23 February 2017 for the rate to be honoured:

     

    NatWest Intermediary Solutions

    Broker Support Team

    1st Floor

    6 Brindley Place

    Birmingham

    B1 2 UU

     

    Any cases that are submitted with missing information will not be upheld. Any cases submitted must have all supporting documentation by 6 March 2017.

     

    If you have any questions around criteria or packaging please contact our LiveTALK team who will happily give you some guidance or if you have a complicated or a high value case you wish to discuss please give your BDM a call.

     

    Retention fees for Intermediaries to be introduced later this year

    Monday 13 February

    We plan to introduce the payment of retention fees for brokers later in the year. After introduction of the required technical changes, we plan to pay 20bps on completion of each case on both residential and buy-to-let business.  

    Customers Working Abroad sales aid now available

    Thursday 09 February

    We have a new broker sales aid that is available now in the Forms and guides page on this web site.

     

    Customers Working Abroad - provides you with a guide to the way we approach customers who are working abroad and/or earning income in a foreign currency.

    NatWest Intermediary Solutions wins three more industry awards

    Thursday 02 February

    We are delighted to start 2017 by winning three prestigious awards.

     

    We have been named as Residential Lender of the Year by Paradigm. The award is voted for throughout the year by Paradigm brokers and collated on a quarterly basis to finalise the end of year result. We were placed 1st in Q1, Q2 and Q4.

     

     

    We also won two awards at the Finance Planning Group Conference. Rachel Plane was named as Best BDM 2016 for the second year running and we also won Best Lender 2016 for Purchase products

     

    NatWest Intermediary Solutions short listed in four categories for Mortgage Strategy Awards

    Thursday 02 February

    We are really pleased to be shortlisted for four awards at the Mortgage Strategy Awards 2017 that will be held in February:

     

    • Best Mortgage Lender

    • Best BDM team

    • Best Buy-to-Let Lender

    • Best Large Loan Lender

    NEW Lending Guide and Packaging Requirements checklist

    Thursday 12 January

    We have updated two items of our broker sales material that are available now in the Forms and guides page on this web site.

     

    Lending Guide – provides you with a comprehensive overview of our lending policy, criteria, packaging requirements as well as a summary of our approach to New Build and what happens once you submit an application.

     

    Packaging Requirements – provides you with a checklist of the key documentation that you need to submit with a mortgage application for a range of customers’ circumstances.  Please note that in the top section of the first page we have emphasised the need to ensure that ALL documents submitted are certified. The other sections that have changed include Contractors, Using additional income and Maintenance. Please familiarise yourself with these requirements to ensure that your applications do not experience any avoidable delays.

    Changes to the way buy-to-let mortgage applications are assessed

    Monday 19 December

     

    From 1 January 2017, the PRA requires that lenders introduce a new, more rigorous assessment of affordability for buy-to-let mortgage applications.

     

    To comply with these new regulations, from 1 January 2017, we will be introducing some changes to the way we assess buy-to-let applications. These can be summarised as follows:

     

    • Affordability calculation. We will require details of a buy-to-let customer’s personal income to be submitted along with details of their current and expected rental income.

       

    • Online affordability calculator. We will have a new online buy-to-let affordability calculator on our website that you can use as a guide to assessing your buy-to-let customers’ affordability. It is the same one as our underwriters will use, so if you receive a positive result from this, provided no information changes and all the details are accurate, you can expect a positive decision from our underwriters.

       

    • REFER decisions. From 1 January 2017 until the end of February 2017, all buy-to-let applications that are submitted, and are not immediately declined, will receive an automatic REFER decision. This does not mean that an application is likely to be declined. It purely means that, until our systems are updated, we will not be able to provide you with an immediate confirmed online ACCEPT decision until our underwriters have assessed it. However, if you use the online buy-to-let calculator (mentioned above) you will get a good idea of whether or not it will be accepted.

       

    • Interest coverage ratio (ICR). We will be increasing the ICR used in our rental cover calculation to 145%.

       

    • Rental cover calculation. The interest rate used in the rental cover calculation will remain at the current 5.5%.

    There are no changes to our buy-to-let lending criteria.

     

    Buy-to-let applications received by close of business on 31 December 2016 will be considered on the current affordability assessment requirements.

     

                                          

    New 5 year fixed rate deals and rate changes

    Effective from Thursday 15 December

     

    On Thursday 15 December, we are launching a number of new 5 year fixed rate purchase and remortgage deals in our semi-exclusive range and changing the rates on a number of mortgages in both our core and semi-exclusive ranges. Here’s a full run-down of the changes, with product codes in brackets:

     

     

    SEMI-EXCLUSIVE RANGE

     

    Residential

    NEW: 5 year fixed rate purchase

    [FO13593] 80% LTV 2.68% (APRC 3.4%, SVR 3.75%), £0 product fee

    [FO13594] 85% LTV 2.68% (APRC 3.4%, SVR 3.75%), £0 product fee

    [FO13596] 90% LTV 3.29% (APRC 3.6%, SVR 3.75%), £0 product fee

     

    NEW: 5 year fixed rate remortgage

    [FO13608] 80% LTV 2.68% (APRC 3.4%, SVR 3.75%), £0 product fee

    [FO13609] 85% LTV 2.78% (APRC 3.4%, SVR 3.75%), £0 product fee

    [FO13610] 90% LTV 3.29% (APRC 3.6%, SVR 3.75%), £0 product fee

     

    RATE CHANGE: 5 year fixed rate £500 cashback – First-time buyer only purchase

    [FO13611] 85% LTV decreasing by 19bps from 2.87% to 2.68% (APRC 3.4%, SVR 3.75%), £0 product fee

    [FO13612] 90% LTV decreasing by 21bps from 3.50% to 3.29% (APRC 3.6%, SVR 3.75%), £995 product fee

     

    RATE CHANGE: 2 year fixed rate purchase

    [FO13582] 60% LTV decreasing by 8bps from 1.28% to 1.20% (APRC 3.5%, SVR 3.75%), £995 product fee

    [FO13583] 60% LTV decreasing by 8bps from 1.67% to 1.59% (APRC 3.5%, SVR 3.75%), £0 product fee

    [FO13584] 70% LTV decreasing by 2bps from 1.34% to 1.32% (APRC 3.5%, SVR 3.75%), £995 product fee

     [FO13585] 75% LTV decreasing by 7bps from 1.39% to 1.32% (APRC 3.5%, SVR 3.75%), £995 product fee

    [FO13586] 80% LTV decreasing by 5bps from 1.94% to 1.89% (APRC 3.5%, SVR 3.75%), £0 product fee

     [FO13587] 85% LTV increasing by 2bps from 2.04% to 2.06% (APRC 3.5%, SVR 3.75%), £0 product fee

    [FO13588] 90% LTV decreasing by 7bps from 2.21 to 2.14% (APRC 3.6%, SVR 3.75%), £995 product fee

     

    RATE CHANGE: 5 year fixed rate purchase

    [FO13589] 70% LTV decreasing by 5bps from 2.18% to 2.13% (APRC 3.3%, SVR 3.75%), £995 product fee

    [FO13590] 70% LTV decreasing by 5bps from 2.38% to 2.33% (APRC 3.3%, SVR 3.75%), £0 product fee

    [FO13591] 75% LTV decreasing by 7bps from 2.20% to 2.13% (APRC 3.3%, SVR 3.75%), £995 product fee

    [FO13592] 75% LTV decreasing by 13bps from 2.46% to 2.33% (APRC 3.3%, SVR 3.75%), £0 product fee

    [FO13595] 90% LTV decreasing by 12bps from 2.99% to 2.87(APRC 3.5%, SVR 3.75%), £995 product fee

     

    RATE CHANGE: 2 year fixed rate remortgage

    [FO13597] 60% LTV decreasing by 8bps from 1.32% to 1.24% (APRC 3.5%, SVR 3.75%), £995 product fee

     [FO13598] 70% LTV decreasing by 6bps from 1.45% to 1.39% (APRC 3.5%, SVR 3.75%), £995 product fee

     [FO13599] 75% LTV decreasing by 2bps from 1.45% to 1.43% (APRC 3.5%, SVR 3.75%), £995 product fee

     [FO13600] 80% LTV decreasing by 4bps from 1.63% to 1.59% (APRC 3.5%, SVR 3.75%), £995 product fee

    [FO13601] 85% LTV decreasing by 1bp from 1.74% to 1.73% (APRC 3.5%, SVR 3.75%), £995 product fee

    [FO13602] 90% LTV increasing by 1bp from 2.33% to 2.34% (APRC 3.6%, SVR 3.75%), £995 product fee

     

    RATE CHANGE: 5 year fixed rate remortgage

    [FO13603] 60% LTV decreasing by 10bps from 1.98% to 1.88% (APRC 3.2%, SVR 3.75%), £995 product fee

    [FO13604] 70% LTV decreasing by 5bps from 2.23% to 2.18% (APRC 3.3%, SVR 3.75%), £995 product fee

    [FO13605] 70% LTV decreasing by 5bps from 2.43% to 2.38% (APRC 3.3%, SVR 3.75%), £0 product fee

    [FO13606] 75% LTV decreasing by 6bps from 2.24% to 2.18% (APRC 3.3%, SVR 3.75%), £995 product fee

    [FO13607] 75% LTV decreasing by 10bps from 2.48% to 2.38% (APRC 3.3%, SVR 3.75%), £0 product fee

     

    Buy-to-let

    RATE CHANGE: 2 year fixed rate remortgage

    [FO13613] 70% LTV decreasing by 6bps from 2.39% to 2.33% (APRC 4.1%, SVR 4.25%), £995 product fee

    [FO13614] 75% LTV decreasing by 16bps from 2.49% to 2.33% (APRC 4.1%, SVR 4.25%), £995 product fee

     

     

    CORE RANGE

     

    2 year fixed rate purchase

    [FO13574] 60% LTV increasing by 50bps from 1.75% to 2.25% (APRC 3.6%, SVR 3.75%), £0 product fee

    [FO13575] 70% LTV increasing by 46bps from 1.84% to 2.30% (APRC 3.6%, SVR 3.75%), £0 product fee

    [FO13576] 75% LTV increasing by 1bp from 1.41% to 1.42% (APRC 3.5%, SVR 3.75%), £995 product fee

    [FO13577] 75% LTV increasing by 41bps from 1.89% to 2.30% (APRC 3.6%, SVR 3.75%), £0 product fee

    [FO13578] 80% LTV increasing by 6bps from 2.73% to 2.79% (APRC 3.7%, SVR 3.75%), £0 product fee

     

    5 year fixed rate purchase

    [FO13579] 60% LTV increasing by 1bp from 1.97% to 1.98% (APRC 3.2%, SVR 3.75%), £995 product fee

     

    2 year fixed rate purchase – First-time buyer only £500 cashback

    [FO13581] 85% LTV increasing by 1bp from 2.40% to 2.41% (APRC 3.6%, SVR 3.75%), £0 product fee

     

    2 year fixed rate remortgage

     [FO13580] 80% LTV increasing by 6bps from 2.73% to 2.79% (APRC 3.6%, SVR 3.75%), £0 product fee

     

    Overpayments:

    Overpayments of up to 10% of the outstanding balance per annum are allowed during the initial deal period.

     

    Early repayment charges:

    2 year fixed rate: 2% until 30 April 2018, 1% until 30 April 2019

    5 year fixed rate: 5% until 30 April 2018, 4% until 30 April 2019, 3% until 30 April 2020, 2% until 30 April 2021, 1% until 30 April 2022

     

    Minimum loan amounts:

    £25,000

     

    For a complete listing of all our mortgage products, please visit ‘Our products’.

     

    Transitional arrangements

    You’ll be able to produce KFIs and submit applications online for existing deals up to 10:30pm on 14 December 2016.

     

    Supporting documentation for online applications must be received in our Mortgage Centre in Birmingham by close of business on 28 December 2016.

     

    Missing information process

    Cases received before 15 December 2016 with missing information will be identified by the Broker Support Team, who will contact you to obtain this.  If the missing information cannot be completed on the same day, the case will not qualify for the expired deal.

     

    If you are unable to submit a case online then you must submit a paper-based application and e-mail your BDM by midday on 15 December 2016. Requests received after this time will not be considered.

     

    Your email must include in bullet points:

     

    ·         Your details (name, company and postcode)

    ·         Client name

    ·         Product to choose

    ·         Amount looking to borrow

    ·         Reason for paper application - if you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided.

    ·         Whether you were trying to submit the application via the NatWest Intermediary Solutions website or Mortgage Trading Exchange?

     

    Paper applications must be signed by all applicants and the original received at the following address by close of business 17 December 2016 for the rate to be honoured:

     

    NatWest Intermediary Solutions

    Broker Support Team

    1st Floor

    6 Brindley Place

    Birmingham

    B1 2 UU

     

    Any cases that are submitted with missing information will not be upheld. Any cases submitted must have all supporting documentation by 30 December 2016.

     

    If you have any questions around criteria or packaging please contact our LiveTALK team who will happily give you some guidance or if you have a complicated or a high value case you wish to discuss please give your BDM a call.

                                          

    Changes to assessment of contractors’ income and maintenance payments

    12th December 2016

     

    We have introduced changes to the way we assesses the income of high earning contractors and the type of maintenance payments we will accept.

     

    For contractors who earn more than £75,000 a year, we will now calculate their income as their average weekly contract income multiplied by 46, provided that they have received or will receive sufficient income from one or more contracts over a 12 month period that incorporates the date of application, have received at least 6 months’ historic income from one or more contracts immediately preceding the date of application and have had no more than a 6 week break between contracts in the 12-month period. We will also request copies of their latest 3 months’ consecutive personal bank statements.

     

    In addition to already accepting income from court ordered maintenance and child maintenance, we will now accept income from family-based or non-court ordered maintenance and child maintenance provided that the payments have been in place for at least six months and are expected to continue at the current level for the foreseeable future, taking into account the age of children.

     

     

                                          

    NatWest Intermediary Solutions wins two 5 star awards at the Financial Adviser Service Awards

    25th November 2016

     

    NatWest Intermediary Solutions won two 5 star awards last night at the Financial Adviser Service Awards 2016.

     

    We earned a 5 star status for our broker service, being voted by intermediaries as the no.1 in the Mortgage Lenders and Packagers category, and we also received the Most Improved Lender Award.

     

    These awards are voted for by intermediaries and are regarded as the blue riband measure for the financial services industry, not just mortgages.

     

                                          

    New 95% LTV mortgages launched to replace Help to Buy: mortgage guarantee scheme deals

    22nd November 2016

    On Tuesday 22 November, we are launching two new 95% LTV purchase mortgages that will replace the current 95% LTV deals being offered as part of the Help to Buy: mortgage guarantee scheme, which is coming to a close at the end of the year. The two new deals, which will be added to our core range, are:

     

    2 year fixed rate purchase - 3.69% (APRC 3.8%, SVR 3.75%), £0 product fee

    5 year fixed rate purchase - 4.59% (APRC 4.2%, SVR 3.75%), £0 product fee

     

    ·         These products are available to first-time buyers and existing home owners who are buying existing properties for residential purposes.

    ·         New Build properties cannot be purchased with these deals – we have a specific range of deals to support those customers buying through the Help to Buy shared equity schemes.

    ·         The maximum property value is £600,000

    ·         Applicants must contribute at least a 5% deposit themselves.

    ·         There’s no limit on the amount of income an applicant can earn and repayment must be on a capital and interest basis only.

    ·         Property being purchased does not require to be the applicant’s main residence e.g. it can be a second home

    ·         Customers are permitted to own or have an interest in other properties after completion e.g. buy-to-let

     

    Overpayments:

    Up to 10% of the outstanding balance per annum are allowed during the initial deal period

    .

    Early repayment charges:

    2 year fixed rate: 2% until 31 January 2018, 1% until 31 January 2019

    5 year fixed rate: 5% until 31 January 2018, 4% until 31 January 2019, 3% until 31 January 2020, 2% until 31 January 2021, 1% until 31 January 2022

     

    Minimum loan amounts:

    £25,000

     

    All customers who have applied for a Help to Buy: mortgage guarantee scheme product with us will continue to completion and no action is needed. There are no changes to the Help to Buy shared equity schemes.

     

    Transitional arrangements

    You’ll be able to produce KFIs and submit applications online for existing deals up to 10:30pm on 21 November 2016.

     

    Supporting documentation for online applications must be received in our Mortgage Centre in Birmingham by close of business on 5 December 2016.

     

    Missing information process

    Cases received before 22 November 2016 with missing information will be identified by the Broker Support Team, who will contact you to obtain this.  If the missing information cannot be completed on the same day, the case will not qualify for the expired deal.

     

    If you are unable to submit a case online then you must submit a paper-based application and e-mail your BDM by midday on 22 November 2016. Requests received after this time will not be considered.

     

    Your email must include in bullet points:

     

    ·         Your details (name, company and postcode)

    ·         Client name

    ·         Product to choose

    ·         Amount looking to borrow

    ·         Reason for paper application - if you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided.

    ·         Whether you were trying to submit the application via the NatWest Intermediary Solutions website or Mortgage Trading Exchange?

     

    Paper applications must be signed by all applicants and the original received at the following address by close of business 24 November 2016 for the rate to be honoured:

     

    NatWest Intermediary Solutions

    Broker Support Team

    1st Floor

    6 Brindley Place

    Birmingham

    B1 2 UU

     

    Any cases that are submitted with missing information will not be upheld. Any cases submitted must have all supporting documentation by 5 December 2016.

     

    If you have any questions around criteria or packaging please contact our LiveTALK team who will happily give you some guidance or if you have a complicated or a high value case you wish to discuss please give your BDM a call.

    NatWest launches new Intermediary website

    3rd November 2016

    NatWest Intermediary Solutions today launched its new web site that will provide brokers with a much improved experience by redesigning its navigation and content.

     

    From the home page, brokers will quickly be able to register or log in, submit business and access a number of helpful tools including its LiveTALK instant messaging service, its popular affordability calculator, the ‘real-time’ Mortgage Application Tracker and its new A-Z of lending criteria.

     

    Sarah Taylor, Head of Service Development, NatWest Intermediary Solutions said: “Our research showed that one of the key reasons that brokers visit our web site is to find an answer to a query about criteria. So, we have introduced a new  A-Z of lending criteria that provides a comprehensive run-down of many of the common policy queries that get raised.

     

    “Another common reason for a visit is to check on processing timescales. We have included an overview of these on the home page so that intermediaries can quickly find information about things such as average speed to offer timescales for both purchase mortgages and remortgages, the date of applications that have been progressed to underwriting or require further information and wait times for LiveTALK and telephony.”

     

    The site also offers brokers the opportunity to download sales literature, forms and guides and an up-to-date list of current mortgage deals. 

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