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NatWest Intermediary Solutions

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

About us

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

See our 60% LTV Buy to Let 2 year fixed rate 2.08%

 

and our 75% LTV Buy to Let 2 year fixed rate 2.33%

 

(APRC 4.1%, SVR 4.25%) £995 product fee

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.

Current processing times
Current Service Levels
New broker registrations Registrations received on Thursday 27th April
Underwriting Applications received on Wednesday 26th April
Further Information Received on Wednesday 26th April
LiveTALK average wait time 28 seconds
Telephony average wait time 20 seconds
Average speed to offer purchase 13 days
Average speed to offer remortgage 12 days
Latest news

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mortgages until close of business on Thursday 20 April, after which the Ulster Bank intermediary mortgage range will be withdrawn.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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