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NatWest Intermediary Solutions

A dedicated knowledge base for mortgage intermediaries who are authorised to provide mortgage advice.

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To submit an application, or to manage an existing one, choose one of the options below.

Introducing our new 95% 2 year fixed rate 3.69%

 

(APRC 3.8%, SVR 3.75%) Up to 95% LTV £0 product fee

Early repayment charges may apply 

5 star mortgage lenders and packagers
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.

Current processing times
Current Service Levels
New broker registrations Registrations received Wednesday 7th December
Underwriting Applications received on Tuesday 6th December
Further Information Received on Tuesday 6th December
LiveTALK average wait time 17 seconds
Telephony average wait time 14 seconds
Average speed to offer purchase 14 days
Average speed to offer remortgage 14 days
Latest news

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. 

Product changes 

Effective from Tuesday 25 October 2016 

We are updating our product range. This change to our portfolio continues to demonstrate our desire to provide a full range of products to meet our customers' needs.

 

Below are details of the changes:

Core Range –

Rates Decreasing

  • 60% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.32% from 1.57% Purchase
  • 60% 2 Yr Fixed, £0 fee, Rate Decreasing to 1.75% from 2.54% Purchase
  • 70% 2 Yr Fixed, £0 fee, Rate Decreasing to 1.84% from 2.59% Purchase
  • 70% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.41% from 1.65% Purchase
  • 75% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.41% from 1.65% Purchase
  • 75% 2 Yr Fixed, £0 fee, Rate Decreasing to 1.89% from 2.63% Purchase
  • 80% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.49% from 1.72% Purchase
  • 85% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.72% from 1.81% Purchase

 

  • 60% 3 Yr Fixed, £0 fee, Rate Decreasing to 1.98% from 2.56% Purchase
  • 60% 3 Yr Fixed, £995 fee, Rate Decreasing to 1.59% from 1.78% Purchase
  • 70% 3 Yr Fixed, £995 fee, Rate Decreasing to 1.79% from 1.89% Purchase

 

  • 60% 5 Yr Fixed, £995 fee, Rate Decreasing to 1.97% from 2.07% Purchase
  • 70% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.23% from 2.30% Purchase
  • 75% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.23% from 2.38% Purchase
  • 90% 5 Yr Fixed, £995 fee, Rate Decreasing to 3.03% from 3.19% Purchase

 

  • 60% 3 Yr Fixed, £0 fee, Rate Decreasing to 1.98% from 2.56% Remortgage
  • 60% 3 Yr Fixed, £995 fee, Rate Decreasing to 1.68% from 1.88% Remortgage
  • 70% 3 Yr Fixed, £995 fee, Rate Decreasing to 1.88% from 1.98% Remortgage

First Time Buyer –

Rates Decreasing

  • 80% 2 Yr Fixed, £0 fee £500 cashback, Rate Decreasing to 2.31% from 2.72% FTB Exclusive Purchase
  • 85% 2 Yr Fixed, £0 fee £500 cashback, Rate Decreasing to 2.40% from 2.87% FTB Exclusive Purchase
  • 90% 2 Yr Fixed, £0 fee £500 cashback, Rate Decreasing to 2.83% from 2.97% FTB Exclusive Purchase
  • 90% 5 Yr Fixed, £0 fee £500 cashback, Rate Decreasing to 3.68% from 3.88% FTB Exclusive Purchase

Help to Buy: mortgage guarantee –

Rates Decreasing

  • 95% 2 Yr Fixed, £0 fee, Rate Decreasing to 3.69% from 3.81% Purchase
  • 95% 5 Yr Fixed, £0 fee, Rate Decreasing to 4.59% from 4.63% Purchase

Exclusive -

New Products

 

  • 90% 2 Yr Fixed, £995 fee 2.21% rate Purchase

 

  • 60% 5 Yr Fixed, £995 fee 1.93% rate Purchase
  • 75% 5 Yr Fixed, £0 fee 2.46% rate Purchase
  • 70% 5 Yr Fixed, £0 fee 2.43% rate Remortgage
  • 75% 5 Yr Fixed, £0 fee 2.48% rate Remortgage

Rates Decreasing

  • 60% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.28% from 1.34% Purchase
  • 60% 2 Yr Fixed, £0 fee, Rate Decreasing to 1.67% from 1.74% Purchase
  • 70% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.34% from 1.43% Purchase
  • 70% 2 Yr Fixed, £0 fee, Rate Decreasing to 1.67% from 1.84% Purchase
  • 75% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.39% from 1.48% Purchase
  • 75% 2 Yr Fixed, £0 fee, Rate Decreasing to 1.67% from 1.84% Purchase
  • 80% 2 Yr Fixed, £0 fee, Rate Decreasing to 1.94% from 2.05% Purchase
  • 80% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.45% from 1.48% Purchase
  • 85% 2 Yr Fixed, £0 fee, Rate Decreasing to 2.04% from 2.20% Purchase
  • 85% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.55% from 1.58% Purchase
  • 90% 2 Yr Fixed, £0 fee, Rate Decreasing to 2.65% from 2.88% Purchase

 

  • 60% 5 Yr Fixed, £0 fee, Rate Decreasing to 2.13% from 2.33% Purchase
  • 70% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.18% from 2.27% Purchase
  • 70% 5 Yr Fixed, £0 fee, Rate Decreasing to 2.38% from 2.98% Purchase
  • 75% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.20% from 2.30% Purchase
  • 80% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.20% from 2.40% Purchase
  • 85% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.42% from 2.55% Purchase
  • 90% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.99% from 3.13% Purchase

 

  • 60% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.32% from 1.34% Remortgage
  • 60% 2 Yr Fixed, £0 fee, Rate Decreasing to 1.73% from 1.85% Remortgage
  • 70% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.45% from 1.54% Remortgage
  • 70% 2 Yr Fixed, £0 fee, Rate Decreasing to 1.78% from 1.98% Remortgage
  • 75% 2 Yr Fixed, £0 fee, Rate Decreasing to 1.78% from 2.03% Remortgage
  • 75% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.45% from 1.54% Remortgage
  • 80% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.63% from 1.64% Remortgage
  • 80% 2 Yr Fixed, £0 fee, Rate Decreasing to 1.88% from 2.13% Remortgage
  • 85% 2 Yr Fixed, £0 fee, Rate Decreasing to 2.18% from 2.29% Remortgage
  • 90% 2 Yr Fixed, £0 fee, Rate Decreasing to 2.74% from 2.89% Remortgage
  • 90% 2 Yr Fixed, £995 fee, Rate Decreasing to 2.33% from 2.35% Remortgage

 

  • 60% 5 Yr Fixed, £995 fee, Rate Decreasing to 1.98% from 2.09% Remortgage
  • 60% 5 Yr Fixed, £0 fee, Rate Decreasing to 2.18% from 2.33% Remortgage
  • 70% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.23% from 2.29% Remortgage
  • 75% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.24% from 2.34% Remortgage
  • 80% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.29% from 2.44% Remortgage
  • 85% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.44% from 2.59% Remortgage
  • 90% 5 Yr Fixed, £995 fee, Rate Decreasing to 3.09% from 3.39% Remortgage

Rates Increasing

  • 60% 2 Yr Tracker, £995 fee, Rate Increasing to 1.29% from 1.24% Purchase
  • 60% 2 Yr Tracker, £995 fee, Rate Increasing to 1.34% from 1.33% Remortgage

Withdrawn

  • 80% 5 Yr Fixed, £0 fee 3.40% rate Purchase
  • 85% 5 Yr Fixed, £0 fee 3.40% rate Purchase
  • 85% 5 Yr Fixed, £0 fee 3.42% rate Remortgage

BTL Exclusive –

Rates Decreasing

  • 60% 2 Yr Fixed, £995 fee, Rate Decreasing to 2.08% from 2.09% BTL Purchase
  • 70% 2 Yr Fixed, £995 fee, Rate Decreasing to 2.33% from 2.47% BTL Purchase
  • 70% 2 Yr Fixed, £0 fee, Rate Decreasing to 2.83% from 2.99% BTL Purchase
  • 75% 2 Yr Fixed, £0 fee, Rate Decreasing to 2.93% from 2.99% BTL Purchase
  • 75% 2 Yr Fixed, £995 fee, Rate Decreasing to 2.33% from 2.47% BTL Purchase

 

  • 60% 5 Yr Fixed, £1,995 fee, Rate Decreasing to 2.72% from 2.89% BTL Purchase
  • 70% 5 Yr Fixed, £1,995 fee, Rate Decreasing to 3.05% from 3.29% BTL Purchase

 

  • 60% 2 Yr Fixed, £0 fee, Rate Decreasing to 2.65% from 2.77% BTL Remortgage
  • 60% 2 Yr Fixed, £995 fee, Rate Decreasing to 2.08% from 2.19% BTL Remortgage
  • 70% 2 Yr Fixed, £995 fee, Rate Decreasing to 2.39% from 2.52% BTL Remortgage
  • 70% 2 Yr Fixed, £0 fee, Rate Decreasing to 2.93% from 3.04% BTL Remortgage
  • 75% 2 Yr Fixed, £995 fee, Rate Decreasing to 2.49% from 2.52% BTL Remortgage

 

  • 60% 5 Yr Fixed, £1,995 fee, Rate Decreasing to 2.73% from 2.94% BTL Remortgage
  • 70% 5 Yr Fixed, £1,995 fee, Rate Decreasing to 3.05% from 3.29% BTL Remortgage

 

First Time Buyer Exclusive

New Products

  • 80% 5 Yr Fixed, £0 fee £500 cashback 2.68% rate FTB Exclusive Purchase
  • 85% 5 Yr Fixed, £0 fee £500 cashback 2.87% rate FTB Exclusive Purchase
  • 90% 5 Yr Fixed, £0 fee £500 cashback 3.50% rate FTB Exclusive Purchase

 

Rates Decreasing

  • 80% 2 Yr Fixed, £0 fee £500 cashback, Rate Decreasing to 2.21% from 2.32% FTB Exclusive Purchase
  • 85% 2 Yr Fixed, £0 fee £500 cashback, Rate Decreasing to 2.30% from 2.47% FTB Exclusive Purchase

 

Withdrawn

  • 90% 2 Yr Fixed, £0 fee £500 cashback 2.90% rate FTB Exclusive Purchase

 

End Dates

2 YrTerm End Dates Moving from 30/11/2018 to 31/01/2019
3 YrTerm End Dates Moving from 30/11/2019 to 31/01/2020
5 YrTerm End Dates Moving from 30/11/2021 to 31/01/2022

Transitional Arrangements

You’ll be able to produce KFIs and submit applications online for existing deals up to 10:30pm on Monday 24th October 2016.

The supporting documentation for online applications on these products must be received in our Mortgage Centre in Birmingham by close of business on Monday 7th November 2016.

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 Tuesday 25th October 2016 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 Tuesday 25th October 2016. 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 Thursday 27th October 2016 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 Monday 7th November 2016.

Packaging – Full details of packaging requirements can be found on intermediary.natwest.com but are summarised below:

Employed applicants

LTV UP TO 75% AND FACILITY UP TO £500K

  • Latest payslip OR P60 OR latest personal bank statement (salary mandated)

LTV ABOVE 75% OR FACILITY ABOVE £500K

  • Latest 3 months personal bank statements (plus - if salary not mandated)
  • P60 or
  • Latest payslip
  • Statements are not required if applicant has salary mandated to a NatWest or RBS account.
  • Internet bank statements are acceptable providing we can identify the client including name and account number.

Important – If the salary varies on the bank statements the underwriters are likely to ask for three months consecutive payslips to gain an understanding of basic and other income.

I therefore recommend that when seeing your clients to request and send in 3 months payslips on all cases, this will ensure that your case won’t be delayed by underwriters requesting further information for clarity and therefore means that your cases will offer quicker. If you are looking to client’s bonus as part of income then please include last P60.

Self-employed applicants

LTV UP TO 75% AND FACILITY UP TO £500K

  • Latest year's set of audited accounts OR
  • Latest Inland Revenue tax assessment

LTV ABOVE 75% OR FACILITY ABOVE £500K

  • Latest year's set of audited accounts OR
  • Latest Inland Revenue tax assessment

PLUS ONE OF THE FOLLOWING:

  • Latest 2 yrs audited accounts OR
  • Latest 2 yrs Inland Revenue tax assessments

Underwriters will be looking to use Net Profit Figures for Sole Traders/Partnerships and Salary & Dividends for Directors of Limited Companies. Generally speaking we will look to use an average of the last two years unless declining trend, will look to ensure any drawings are sustainable to the business.

Please note that accountants' certificates will no longer be accepted.

OTHER CONSIDERATIONS

Anything unusual about your case? If this is the case then please fax over a cover note to give the underwriters an understanding otherwise they may see the case in a different light.

ID proof for all Foreign Nationals - if applicable
For purchase applications - please confirm source of deposit - via cover note
Declaring ALL credit commitments (staying or paid off on completion) detail on cover note If client is employed and term takes past age 65 please call me

This information should be faxed TOGETHER to Natwest on 0845 878 9498 quoting the mortgage account number and ensuring correct certification on every page.

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 me a call.

Product changes 

Effective from Wednesday 31 August 2016  

We are updating our product range. This change to our portfolio continues to demonstrate our desire to provide a full range of products to meet our customers' needs. Details of the changes are below.

Core range: changes apply to purchase and remortgage products if not stated.

 

Rates decreasing

  • 60% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.57% from 1.67% Purchase
  • 70% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.65% from 1.70% Purchase
  • 75% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.65% from 1.72% Purchase
  • 80% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.72% from 1.79% Purchase
  • 85% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.81% from 1.87% Purchase
  • 90% 2 Yr Fixed, £995 fee, Rate Decreasing to 2.35% from 2.60% Purchase
  • 60% 3 Yr Fixed, £995 fee, Rate Decreasing to 1.78% from 1.84% Purchase
  • 60% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.07% from 2.13% Purchase
  • 70% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.30% from 2.43% Purchase
  • 75% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.38% from 2.55% Purchase
  • 80% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.48% from 2.58% Purchase
  • 85% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.73% from 2.93% Purchase
  • 90% 5 Yr Fixed, £995 fee, Rate Decreasing to 3.19% from 3.43% Purchase
  • 60% 3 Yr Fixed, £995 fee, Rate Decreasing to 1.88% from 1.93% Remortgage
  • 70% 3 Yr Fixed, £995 fee, Rate Decreasing to 1.98% from 2.03% Remortgage

Help to Buy (mortgage guarantee): changes apply to purchase and remortgage products if not stated.

 

Rates decreasing

  • 95% 2 Yr Fixed, £0 fee, Rate Decreasing to 3.81% from 3.91% Purchase

BTL range: changes apply to purchase and remortgage products if not stated.

 

Rates decreasing

  • 60% 2 Yr Fixed, £1,995 fee, Rate Decreasing to 1.95% from 2.18% BTL Purchase
  • 60% 2 Yr Fixed, £1,995 fee, Rate Decreasing to 1.99% from 2.18% BTL Remortgage

Exclusive: changes apply to purchase and remortgage products if not stated.

 

New products

  • 60% 2 Yr Fixed, £0 fee 1.74% rate Purchase
  • 70% 2 Yr Fixed, £0 fee 1.84% rate Purchase
  • 75% 2 Yr Fixed, £0 fee 1.84% rate Purchase
  • 80% 2 Yr Fixed, £0 fee 2.05% rate Purchase
  • 85% 2 Yr Fixed, £0 fee 2.20% rate Purchase
  • 60% 2 Yr Fixed, £0 fee 1.85% rate Remortgage
  • 70% 2 Yr Fixed, £0 fee 1.98% rate Remortgage
  • 75% 2 Yr Fixed, £0 fee 2.03% rate Remortgage
  • 80% 2 Yr Fixed, £0 fee 2.13% rate Remortgage
  • 85% 2 Yr Fixed, £0 fee 2.29% rate Remortgage
  • 90% 2 Yr Fixed, £995 fee 2.35% rate Remortgage
  • 60% 5 Yr Fixed, £0 fee 2.33% rate Remortgage.

Rates decreasing

  • 70% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.43% from 1.49% Purchase
  • 75% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.48% from 1.49% Purchase
  • 80% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.48% from 1.54% Purchase
  • 85% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.58% from 1.69% Purchase
  • 60% 5 Yr Fixed, £0 fee, Rate Decreasing to 2.33% from 2.98% Purchase
  • 70% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.27% from 2.37% Purchase
  • 75% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.30% from 2.43% Purchase
  • 80% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.40% from 2.48% Purchase
  • 85% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.55% from 2.65% Purchase
  • 90% 5 Yr Fixed, £995 fee, Rate Decreasing to 3.13% from 3.33% Purchase
  • 60% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.34% from 1.44% Remortgage
  • 70% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.54% from 1.64% Remortgage
  • 75% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.54% from 1.64% Remortgage
  • 80% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.64% from 1.74% Remortgage
  • 85% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.74% from 1.88% Remortgage
  • 60% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.09% from 2.18% Remortgage
  • 70% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.29% from 2.39% Remortgage
  • 75% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.34% from 2.48% Remortgage
  • 80% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.44% from 2.54% Remortgage
  • 85% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.59% from 2.69% Remortgage

Rates increasing

  • 60% 2 Yr Fixed, £995 fee, Rate Increasing to 1.34% from 1.33% Purchase

BTL exclusive: changes apply to purchase and remortgage products if not stated.

Rates decreasing

  • 60% 2 Yr Fixed, £995 fee, Rate Decreasing to 2.09% from 2.10% BTL Purchase
  • 70% 2 Yr Fixed, £0 fee, Rate Decreasing to 2.99% from 3.13% BTL Purchase
  • 75% 2 Yr Fixed, £0 fee, Rate Decreasing to 2.99% from 3.19% BTL Purchase
  • 75% 2 Yr Fixed, £995 fee, Rate Decreasing to 2.47% from 2.59% BTL Purchase
  • 60% 2 Yr Fixed, £0 fee, Rate Decreasing to 2.77% from 2.79% BTL Remortgage
  • 60% 2 Yr Fixed, £995 fee, Rate Decreasing to 2.19% from 2.28% BTL Remortgage
  • 70% 2 Yr Fixed, £0 fee, Rate Decreasing to 3.04% from 3.26% BTL Remortgage
  • 70% 2 Yr Fixed, £995 fee, Rate Decreasing to 2.52% from 2.57% BTL Remortgage
  • 75% 2 Yr Fixed, £0 fee, Rate Decreasing to 3.04% from 3.29% BTL Remortgage
  • 75% 2 Yr Fixed, £995 fee, Rate Decreasing to 2.52% from 2.74% BTL Remortgage

First Time Buyer Exclusive: changes apply to purchase and remortgage products if not stated.

New products

  • 80% 2 Yr Fixed, £0 fee £500 cashback 2.32% rate FTB Exclusive Purchase
  • 85% 2 Yr Fixed, £0 fee £500 cashback 2.47% rate FTB Exclusive Purchase
  • 90% 2 Yr Fixed, £0 fee £500 cashback 2.90% rate FTB Exclusive Purchase

End dates

There are no changes to end dates.

 

Transitional arrangements

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

The supporting documentation for online applications on these products must be received in our Mortgage Centre in Birmingham by close of business on Tuesday 13th September 2016.

 

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 Tuesday 30th August 2016 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're 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 Tuesday 30th August 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 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 on Friday 2nd September 2016 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 Tuesday 13th September 2016.

 

Interest only criteria reminder

All new residential mortgages must be submitted on a capital and interest basis.

 

Existing NatWest mortgage customers moving home can retain the interest only element of their mortgage provided they can offer proof of a suitable repayment vehicle. Any additional borrowing requirement when moving home must be taken on a capital and interest basis. Such residential applications including an interest only element must be submitted on paper using the blank application form found under 'Literature'.

 

1. Loan to value must not exceed 75%. 
2. Residential interest only mortgages must be done on an advised sale basis.
3. There must be a suitable repayment vehicle in place for the term of the mortgage. Standard repayment vehicles that are acceptable are endowments, pensions and stocks and shares ISAs/PEPs. We do not accept sale of the secured property as a repayment vehicle.

 

Enhanced repayment vehicles such as bonus income, stocks & shares registered with an internationally recognised trading exchange, sale of investment properties, sale of stake or whole of applicant’s business or trust funds can be used (in addition to the standard ones above) if the following criteria are met:

 

  • the LTV is equal to or less than 75%
  • the applicant passes affordability calculations
  • the main applicant is aged 70 years or under at the end of the mortgage term
  • joint applicants earn at least £100,000 p.a. gross salary.

In all circumstances for residential mortgages, the sale of the property will not be accepted as a suitable repayment vehicle.


Packaging

Full details of packaging requirements can be found on intermediary.natwest.com but are summarised below:

 

Employed applicants

LTV UP TO 75% AND FACILITY UP TO £500,000

  • Latest payslip OR P60 OR latest personal bank statement (salary mandated)

LTV ABOVE 75% OR FACILITY ABOVE £500,000

Latest three months' personal bank statements, plus (if salary not mandated) plus a P60, or their latest payslip.

 

Please note:

  • Statements are not required if applicant has salary mandated to a NatWest or RBS account.
  • Internet bank statements are acceptable providing we can identify the client including name and account number.
  • If the salary varies on the bank statements the underwriters are likely to ask for three months' consecutive payslips to gain an understanding of basic and other income.

We recommend asking clients for three months' payslips on all cases. This will ensure your case isn't delayed by underwriters requesting further information for clarity and therefore means that your cases will offer quicker. If you are looking to client’s bonus as part of income then please include their most recent P60.

 

Self-employed applicants

LTV UP TO 75% AND FACILITY UP TO £500,000

  • Latest year's set of audited accounts OR
  • Latest Inland Revenue tax assessment

LTV ABOVE 75% OR FACILITY ABOVE £500,000

  • Latest year's set of audited accounts OR
  • Latest Inland Revenue tax assessment

Plus one of the following:

  • Latest two years' audited accounts OR
  • Latest two years' Inland Revenue tax assessments

Underwriters will be looking to use net profit figures for sole traders/partnerships and salary and dividends for directors of limited companies. Generally speaking we will look to use an average of the last two years' unless declining trend, and will look to ensure any drawings are sustainable to the business. Please note that accountants' certificates will no longer be accepted.

 

Other considerations

  • If there's something unusual about your case, please fax over a cover note to give the underwriters an understanding.
  • Please include ID proof for all foreign nationals.
  • For purchase applications please confirm source of deposit via cover note.
  • Declare all credit commitments (staying or paid off on completion) detail on cover note. If client is employed and term takes past age 65 please contact us.

This information should be faxed together to NatWest on 0845 878 9498 quoting the mortgage account number and ensuring correct certification on every page.

 

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 call us.

Product changes 

Effective from Monday 22 August 2016

From Monday 22 August, the rates on our two year tracker deals will be reduced by 0.25% to reflect the reduction in the base rate. Product codes remain unchanged.

 

All customers who have applied for one of our tracker products and are currently awaiting completion will receive the 0.25% interest rate reduction and will receive a letter confirming their new interest rate and monthly repayment amount. All customers who are currently on a tracker deal will also see a 0.25% rate reduction.

 

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

 

Product changes 

Effective from Tuesday 3 August 2016

We are updating our product range. This change to our portfolio continues to demonstrate our desire to provide a full range of products to meet our customers' needs. Details of the changes are below.

 

Core range & exclusive range

  • For residential purchase and remortgage products 75% LTV and below, max loan sizes have been increased to 10,000,000 for purchase and 2,000,000 remortgage.
  • Shared equity, government schemes and BTL are excluded.
  • Please see below for the products impacted for this change.

Changes apply to purchase and remortgage products if not stated.

  • 60% 2 Yr Fixed, £0 fee 2.54% rate
  • 60% 2 Yr Fixed, £995 fee 1.67% rate Purchase
  • 60% 2 Yr Fixed, £995 fee 1.74% rate Remortgage
  • 70% 2 Yr Fixed, £995 fee 1.94% rate Remortgage
  • 70% 2 Yr Fixed, £995 fee 1.70% rate Purchase
  • 70% 2 Yr Fixed, £0 fee 2.59% rate
  • 75% 2 Yr Fixed, £995 fee 1.97% rate Remortgage
  • 75% 2 Yr Fixed, £0 fee 2.63% rate
  • 75% 2 Yr Fixed, £995 fee 1.72% rate Purchase
  • 60% 3 Yr Fixed, £995 fee 1.84% rate Purchase
  • 60% 3 Yr Fixed, £0 fee 2.56% rate
  • 60% 3 Yr Fixed, £995 fee 1.93% rate Remortgage
  • 70% 3 Yr Fixed, £0 fee 2.76% rate
  • 70% 3 Yr Fixed, £995 fee 1.89% rate Purchase
  • 70% 3 Yr Fixed, £995 fee 2.03% rate Remortgage
  • 75% 3 Yr Fixed, £995 fee 2.30% rate Remortgage
  • 75% 3 Yr Fixed, £995 fee 2.30% rate Purchase
  • 75% 3 Yr Fixed, £0 fee 2.85% rate
  • 60% 5 Yr Fixed, £995 fee 2.13% rate Purchase
  • 60% 5 Yr Fixed, £0 fee 3.10% rate
  • 60% 5 Yr Fixed, £995 fee 2.53% rate Remortgage
  • 70% 5 Yr Fixed, £995 fee 2.73% rate Remortgage
  • 70% 5 Yr Fixed, £995 fee 2.43% rate Purchase
  • 70% 5 Yr Fixed, £0 fee 3.18% rate
  • 75% 5 Yr Fixed, £995 fee 2.88% rate Remortgage
  • 75% 5 Yr Fixed, £0 fee 3.39% rate
  • 75% 5 Yr Fixed, £995 fee 2.55% rate Purchase
  • 60% 2 Yr Tracker, £0 fee 2.64% rate
  • 60% 2 Yr Tracker, £995 fee 1.84% rate Purchase
  • 60% 2 Yr Tracker, £995 fee 1.84% rate Remortgage
  • 70% 2 Yr Tracker, £0 fee 2.69% rate Remortgage
  • 70% 2 Yr Tracker, £995 fee 2.04% rate
  • 70% 2 Yr Tracker, £0 fee 2.69% rate Purchase
  • 75% 2 Yr Tracker, £995 fee 2.07% rate
  • 75% 2 Yr Tracker, £0 fee 2.73% rate

Exclusive: changes apply to purchase and remortgage products if not stated.

  • 60% 2 Yr Fixed, £995 fee 1.33% rate Purchase,
  • 60% 2 Yr Fixed, £995 fee 1.44% rate Remortgage
  • 70% 2 Yr Fixed, £995 fee 1.49% rate Purchase
  • 70% 2 Yr Fixed, £995 fee 1.64% rate Remortgage
  • 75% 2 Yr Fixed, £995 fee 1.49% rate Purchase
  • 75% 2 Yr Fixed, £995 fee 1.64% rate Remortgage

 

  • 60% 5 Yr Fixed, £995 fee 2.18% rate Remortgage
  • 60% 5 Yr Fixed, £0 fee 2.98% rate Purchase
  • 70% 5 Yr Fixed, £995 fee 2.39% rate Remortgage
  • 70% 5 Yr Fixed, £995 fee 2.37% rate Purchase
  • 75% 5 Yr Fixed, £995 fee 2.43% rate Purchase
  • 75% 5 Yr Fixed, £995 fee 2.48% rate Remortgage
  • 60% 2 Yr Tracker, £995 fee 1.49% rate Purchase
  • 60% 2 Yr Tracker, £995 fee 1.58% rate Remortgage

First time buyer: changes apply to purchase only.

 

New products

  • 80% 2 Yr Fixed, £0 fee £500 cashback 2.72% rate FTB Exclusive Purchase
  • 85% 2 Yr Fixed, £0 fee £500 cashback 2.87% rate FTB Exclusive Purchase
  • 90% 2 Yr Fixed, £0 fee £500 cashback 2.97% rate FTB Exclusive Purchase

 

  • 80% 5 Yr Fixed, £0 fee £500 cashback 3.54% rate FTB Exclusive Purchase
  • 85% 5 Yr Fixed, £0 fee £500 cashback 3.57% rate FTB Exclusive Purchase
  • 90% 5 Yr Fixed, £0 fee £500 cashback 3.88% rate FTB Exclusive Purchase

 

Withdrawn

  • 80% 2 Yr Fixed, £0 fee 2.69% rate FTB Exclusive Purchase
  • 85% 2 Yr Fixed, £0 fee 2.83% rate FTB Exclusive Purchase
  • 90% 2 Yr Fixed, £0 fee 2.94% rate FTB Exclusive Purchase
  • 80% 5 Yr Fixed, £0 fee 3.50% rate FTB Exclusive Purchase
  • 85% 5 Yr Fixed, £0 fee 3.53% rate FTB Exclusive Purchase
  • 90% 5 Yr Fixed, £0 fee 3.65% rate FTB Exclusive Purchase

End dates

There are no changes to end dates.

 

Transitional arrangements

You’ll be able to produce KFIs and submit applications online for existing deals up to 10:30pm 2nd August 2016.

The supporting documentation for online applications on these products must be received in our Mortgage Centre in Birmingham by close of business on 16th August 2016.

 

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 3rd August 2016 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're 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 3rd August 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 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 three working days after the change date (5th August 2016).

 

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 16th August 2016.

 

Interest only criteria reminder

All new residential mortgages must be submitted on a capital and interest basis.

 

Existing NatWest mortgage customers moving home can retain the interest only element of their mortgage provided they can offer proof of a suitable repayment vehicle. Any additional borrowing requirement when moving home must be taken on a capital and interest basis. Such residential applications including an interest only element must be submitted on paper using the blank application form found under 'Literature'.

 

1. Loan to value must not exceed 75%. 
2. Residential interest only mortgages must be done on an advised sale basis.
3. There must be a suitable repayment vehicle in place for the term of the mortgage. Standard repayment vehicles that are acceptable are endowments, pensions and stocks and shares ISAs/PEPs. We do not accept sale of the secured property as a repayment vehicle.

 

Enhanced repayment vehicles such as bonus income, stocks & shares registered with an internationally recognised trading exchange, sale of investment properties, sale of stake or whole of applicant’s business or trust funds can be used (in addition to the standard ones above) if the following criteria are met:

 

  • the LTV is equal to or less than 75%
  • the applicant passes affordability calculations
  • the main applicant is aged 70 years or under at the end of the mortgage term
  • joint applicants earn at least £100,000 p.a. gross salary.

In all circumstances for residential mortgages, the sale of the property will not be accepted as a suitable repayment vehicle.


Packaging

Full details of packaging requirements can be found on intermediary.natwest.com but are summarised below:

 

Employed applicants

LTV UP TO 75% AND FACILITY UP TO £500,000

  • Latest payslip OR P60 OR latest personal bank statement (salary mandated)

LTV ABOVE 75% OR FACILITY ABOVE £500,000

Latest three months' personal bank statements, plus (if salary not mandated) plus a P60, or their latest payslip.

 

Please note:

  • Statements are not required if applicant has salary mandated to a NatWest or RBS account.
  • Internet bank statements are acceptable providing we can identify the client including name and account number.
  • If the salary varies on the bank statements the underwriters are likely to ask for three months' consecutive payslips to gain an understanding of basic and other income.

We recommend asking clients for three months' payslips on all cases. This will ensure your case isn't delayed by underwriters requesting further information for clarity and therefore means that your cases will offer quicker. If you are looking to client’s bonus as part of income then please include their most recent P60.

 

Self-employed applicants

LTV UP TO 75% AND FACILITY UP TO £500,000

  • Latest year's set of audited accounts OR
  • Latest Inland Revenue tax assessment

LTV ABOVE 75% OR FACILITY ABOVE £500,000

  • Latest year's set of audited accounts OR
  • Latest Inland Revenue tax assessment

Plus one of the following:

  • Latest two years' audited accounts OR
  • Latest two years' Inland Revenue tax assessments

Underwriters will be looking to use net profit figures for sole traders/partnerships and salary and dividends for directors of limited companies. Generally speaking we will look to use an average of the last two years' unless declining trend, and will look to ensure any drawings are sustainable to the business. Please note that accountants' certificates will no longer be accepted.

 

OTHER CONSIDERATIONS

  • If there's something unusual about your case, please fax over a cover note to give the underwriters an understanding
  • Please include ID proof for all foreign nationals
  • For purchase applications please confirm source of deposit via cover note
  • Declare all credit commitments (staying or paid off on completion) detail on cover note. If client is employed and term takes past age 65 please contact us.

This information should be faxed together to Natwest on 0845 878 9498 quoting the mortgage account number and ensuring correct certification on every page.

 

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 call us.

Product changes 

Effective from Tuesday 26 July 2016

We are updating our product range. This change to our portfolio continues to demonstrate our desire to provide a full range of products to meet our customers' needs. Details of the changes are below.

 

Core range: changes apply to purchase and remortgage products if not stated.

Rates decreasing

  • 60% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.67% from 1.74% Purchase
  • 70% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.70% from 1.94% Purchase
  • 75% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.72% from 1.97% Purchase
  • 80% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.79% from 2.08% Purchase
  • 85% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.87% from 2.28% Purchase
  • 60% 3 Yr Fixed, £995 fee, Rate Decreasing to 1.84% from 1.94% Purchase
  • 70% 3 Yr Fixed, £995 fee, Rate Decreasing to 1.89% from 2.04% Purchase
  • 60% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.13% from 2.25% Purchase
  • 70% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.43% from 2.53% Purchase
  • 75% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.55% from 2.63% Purchase
  • 80% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.58% from 2.74% Purchase
  • 85% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.93% from 3.00% Purchase
  • 60% 3 Yr Fixed, £995 fee, Rate Decreasing to 1.93% from 1.99% Remortgage
  • 70% 3 Yr Fixed, £995 fee, Rate Decreasing to 2.03% from 2.09% Remortgage

Rates increasing

  • 60% 2 Yr Tracker, £995 fee, Rate Increasing to 1.84% from 1.64%
  • 60% 2 Yr Tracker, £0 fee, Rate Increasing to 2.64% from 2.44%
  • 70% 2 Yr Tracker, £995 fee, Rate Increasing to 2.04% from 1.84%
  • 70% 2 Yr Tracker, £0 fee, Rate Increasing to 2.69% from 2.49%
  • 75% 2 Yr Tracker, £995 fee, Rate Increasing to 2.07% from 1.87%
  • 75% 2 Yr Tracker, £0 fee, Rate Increasing to 2.73% from 2.53%

Shared Equity: changes apply to purchase and remortgage products if not stated.

New products

  • 60% 2 Yr Fixed, £0 fee 2.63% rate Shared Equity Purchase
  • 60% 2 Yr Fixed, £995 fee 1.74% rate Shared Equity Purchase
  • 70% 2 Yr Fixed, £0 fee 2.63% rate Shared Equity Purchase
  • 70% 2 Yr Fixed, £995 fee 1.84% rate Shared Equity Purchase
  • 75% 2 Yr Fixed, £995 fee 1.87% rate Shared Equity Purchase
  • 60% 5 Yr Fixed, £0 fee 3.39% rate Shared Equity Purchase
  • 60% 5 Yr Fixed, £995 fee 2.47% rate Shared Equity Purchase
  • 70% 5 Yr Fixed, £0 fee 3.39% rate Shared Equity Purchase
  • 70% 5 Yr Fixed, £995 fee 2.48% rate Shared Equity Purchase
  • 75% 5 Yr Fixed, £995 fee 2.60% rate Shared Equity Purchase

Help to Buy (shared equity): changes apply to purchase and remortgage products if not stated.

New products

  • 60% 2 Yr Fixed, £0 fee 2.63% rate Shared Equity Purchase
  • 60% 2 Yr Fixed, £995 fee 1.74% rate Shared Equity Purchase
  • 70% 2 Yr Fixed, £0 fee 2.63% rate Shared Equity Purchase
  • 70% 2 Yr Fixed, £995 fee 1.84% rate Shared Equity Purchase
  • 75% 2 Yr Fixed, £995 fee 1.87% rate Shared Equity Purchase
  • 60% 5 Yr Fixed, £0 fee 3.39% rate Shared Equity Purchase
  • 60% 5 Yr Fixed, £995 fee 2.47% rate Shared Equity Purchase
  • 70% 5 Yr Fixed, £0 fee 3.39% rate Shared Equity Purchase
  • 70% 5 Yr Fixed, £995 fee 2.48% rate Shared Equity Purchase
  • 75% 5 Yr Fixed, £995 fee 2.60% rate Shared Equity Purchase

Help to Buy (mortgage guarantee): changes apply to purchase and remortgage products if not stated.

Rates decreasing

  • 95% 2 Yr Fixed, £0 fee, Rate Decreasing to 3.91% from 3.99% Purchase
  • 95% 5 Yr Fixed, £0 fee, Rate Decreasing to 4.63% from 4.69% Purchase

BTL range: changes apply to purchase and remortgage products if not stated.

Rates increasing

  • 60% 2 Yr Tracker, £1,995 fee, Rate Increasing to 2.13% from 1.93% BTL
  • 60% 2 Yr Tracker, £0 fee, Rate Increasing to 3.18% from 2.98% BTL
  • 70% 2 Yr Tracker, £1,995 fee, Rate Increasing to 2.65% from 2.45% BTL
  • 70% 2 Yr Tracker, £0 fee, Rate Increasing to 3.68% from 3.48% BTL
  • 75% 2 Yr Tracker, £0 fee, Rate Increasing to 3.74% from 3.54% BTL
  • 75% 2 Yr Tracker, £1,995 fee, Rate Increasing to 2.69% from 2.49% BTL

Exclusive: changes apply to purchase and remortgage products if not stated.

Rates decreasing

  • 60% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.33% from 1.38% Purchase
  • 70% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.49% from 1.58% Purchase
  • 75% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.49% from 1.58% Purchase
  • 80% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.54% from 1.63% Purchase
  • 85% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.69% from 1.78% Purchase
  • 70% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.37% from 2.47% Purchase
  • 75% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.43% from 2.50% Purchase
  • 80% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.48% from 2.59% Purchase
  • 85% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.65% from 2.93% Purchase
  • 60% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.44% from 1.58% Remortgage
  • 75% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.64% from 1.69% Remortgage
  • 80% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.74% from 1.83% Remortgage
  • 85% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.88% from 1.93% Remortgage
  • 60% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.18% from 2.24% Remortgage
  • 70% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.39% from 2.49% Remortgage
  • 75% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.48% from 2.53% Remortgage
  • 80% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.54% from 2.68% Remortgage
  • 85% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.69% from 2.98% Remortgage

Rates increasing

  • 90% 2 Yr Fixed, £0 fee, Rate Increasing to 2.88% from 2.84% Purchase
  • 60% 2 Yr Tracker, £995 fee, Rate Increasing to 1.49% from 1.29% Purchase
  • 60% 2 Yr Tracker, £995 fee, Rate Increasing to 1.58% from 1.38% Remortgage

Withdrawn

  • 60% 5 Yr Fixed, £995 fee 2.18% rate Purchase
  • 90% 2 Yr Fixed, £995 fee 2.50% rate Remortgage

BTL exclusive: changes apply to purchase and remortgage products if not stated.

Rates Decreasing

  • 60% 2 Yr Fixed, £0 fee, Rate Decreasing to 2.65% from 2.73% BTL Purchase
  • 70% 2 Yr Fixed, £0 fee, Rate Decreasing to 3.13% from 3.25% BTL Purchase
  • 75% 2 Yr Fixed, £0 fee, Rate Decreasing to 3.19% from 3.37% BTL Purchase
  • 60% 5 Yr Fixed, £1,995 fee, Rate Decreasing to 2.89% from 2.99% BTL Purchase
  • 60% 2 Yr Fixed, £0 fee, Rate Decreasing to 2.79% from 2.87% BTL Remortgage
  • 70% 2 Yr Fixed, £0 fee, Rate Decreasing to 3.26% from 3.38% BTL Remortgage
  • 75% 2 Yr Fixed, £0 fee, Rate Decreasing to 3.29% from 3.39% BTL Remortgage
  • 60% 5 Yr Fixed, £1,995 fee, Rate Decreasing to 2.94% from 3.00% BTL Remortgage
  • 70% 5 Yr Fixed, £1,995 fee, Rate Decreasing to 3.29% from 3.44% BTL Remortgage

Rates increasing

  • 60% 2 Yr Tracker, £995 fee, Rate Increasing to 2.26% from 2.06% BTL Purchase
  • 70% 2 Yr Tracker, £995 fee, Rate Increasing to 2.65% from 2.45% BTL Purchase
  • 75% 2 Yr Tracker, £995 fee, Rate Increasing to 2.75% from 2.55% BTL Purchase
  • 60% 2 Yr Tracker, £995 fee, Rate Increasing to 2.41% from 2.21% BTL Remortgage
  • 70% 2 Yr Tracker, £995 fee, Rate Increasing to 2.79% from 2.59% BTL Remortgage
  • 75% 2 Yr Tracker, £995 fee, Rate Increasing to 2.83% from 2.63% BTL Remortgage

Withdrawn

  • 60% 5 Yr Fixed, £0 fee 3.79% rate BTL Purchase
  • 70% 2 Yr Tracker, £0 fee 3.31% rate BTL Purchase
  • 75% 5 Yr Fixed, £1,995 fee 3.96% rate BTL Remortgage
  • 70% 2 Yr Tracker, £0 fee 3.31% rate BTL Remortgage
  • 75% 2 Yr Tracker, £0 fee 3.44% rate BTL Remortgage

End Dates

2 YrTerm End Dates Moving from 30/09/2018 to 30/11/2018
3 YrTerm End Dates Moving from 30/09/2019 to 30/11/2019
5 YrTerm End Dates Moving from 30/09/2021 to 30/11/2021

 

Transitional arrangements

You’ll be able to produce KFIs and submit applications online for existing deals up to 10:30pm on 25th July 2016.

The supporting documentation for online applications on these products must be received in our Mortgage Centre in Birmingham by close of business on 8th August 2016.

 

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 Tuesday 26th July 2016 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're 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 Tuesday 26th July 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 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 Thursday 28th July 2016 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 8th August 2016.

 

Interest only criteria reminder

All new residential mortgages must be submitted on a capital and interest basis.

 

Existing NatWest mortgage customers moving home can retain the interest only element of their mortgage provided they can offer proof of a suitable repayment vehicle. Any additional borrowing requirement when moving home must be taken on a capital and interest basis. Such residential applications including an interest only element must be submitted on paper using the blank application form found under 'Literature'.

 

1. Loan to value must not exceed 75%. 
2. Residential interest only mortgages must be done on an advised sale basis.
3. There must be a suitable repayment vehicle in place for the term of the mortgage. Standard repayment vehicles that are acceptable are endowments, pensions and stocks and shares ISAs/PEPs. We do not accept sale of the secured property as a repayment vehicle.

 

Enhanced repayment vehicles such as bonus income, stocks & shares registered with an internationally recognised trading exchange, sale of investment properties, sale of stake or whole of applicant’s business or trust funds can be used (in addition to the standard ones above) if the following criteria are met:

 

  • the LTV is equal to or less than 75%
  • the applicant passes affordability calculations
  • the main applicant is aged 70 years or under at the end of the mortgage term
  • joint applicants earn at least £100,000 p.a. gross salary.

In all circumstances for residential mortgages, the sale of the property will not be accepted as a suitable repayment vehicle.


Packaging

Full details of packaging requirements can be found on intermediary.natwest.com but are summarised below:

 

Employed applicants

LTV UP TO 75% AND FACILITY UP TO £500,000

  • Latest payslip OR P60 OR latest personal bank statement (salary mandated)

LTV ABOVE 75% OR FACILITY ABOVE £500,000

Latest three months' personal bank statements, plus (if salary not mandated) plus a P60, or their latest payslip.

 

Please note:

  • Statements are not required if applicant has salary mandated to a NatWest or RBS account.
  • Internet bank statements are acceptable providing we can identify the client including name and account number.
  • If the salary varies on the bank statements the underwriters are likely to ask for three months' consecutive payslips to gain an understanding of basic and other income.

We recommend asking clients for three months' payslips on all cases. This will ensure your case isn't delayed by underwriters requesting further information for clarity and therefore means that your cases will offer quicker. If you are looking to client’s bonus as part of income then please include their most recent P60.

 

Self-employed applicants

LTV UP TO 75% AND FACILITY UP TO £500,000

  • Latest year's set of audited accounts OR
  • Latest Inland Revenue tax assessment

LTV ABOVE 75% OR FACILITY ABOVE £500,000

  • Latest year's set of audited accounts OR
  • Latest Inland Revenue tax assessment

Plus one of the following:

  • Latest two years' audited accounts OR
  • Latest two years' Inland Revenue tax assessments

Underwriters will be looking to use net profit figures for sole traders/partnerships and salary and dividends for directors of limited companies. Generally speaking we will look to use an average of the last two years' unless declining trend, and will look to ensure any drawings are sustainable to the business. Please note that accountants' certificates will no longer be accepted.

 

OTHER CONSIDERATIONS

  • If there's something unusual about your case, please fax over a cover note to give the underwriters an understanding
  • Please include ID proof for all foreign nationals
  • For purchase applications please confirm source of deposit via cover note
  • Declare all credit commitments (staying or paid off on completion) detail on cover note. If client is employed and term takes past age 65 please contact us.

This information should be faxed together to Natwest on 0845 878 9498 quoting the mortgage account number and ensuring correct certification on every page.

 

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 call us.

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