News archive | NatWest Intermediary Solutions

News archive

A comprehensive archive of our news stories and service updates

 

 

2018

Withdrawals from semi-exclusive range

Effective Wednesday 21 February 2018

On Wednesday 21 February, we are withdrawing all residential products from our semi-exclusive range. Here’s a summary of the changes:

 

Semi-exclusives

·         Withdrawal of all semi-exclusive residential products including re-mortgage and first time buyer products.

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

 

SEMI-EXCLUSIVE RANGE

Residential

 

Withdrawals

First time buyer 2 year fixed rate purchase

[FO16565] 80% LTV, 2.34% £0 product fee, £500 cashback

[FO16441] 85% LTV, 2.42% £0 product fee, £500 cashback

[FO16566] 90% LTV, 2.64% £0 product fee, £750 cashback

First time buyer 5 year fixed rate purchase

[FO16567] 80% LTV, 2.39% £0 product fee, £750 cashback

[FO16568] 85% LTV, 2.51% £0 product fee, £750 cashback

[FO16569] 90% LTV, 2.91 % £0 product fee, £750 cashback

 

2 year fixed rate purchase

[FO16537] 60% LTV, 2.10% £0 product fee, £500 cashback

[FO16343] 70% LTV, 2.10% £0 product fee, £500 cashback

[FO16538] 75% LTV, 2.12% £0 product fee, £500 cashback

[FO16539] 80% LTV, 2.37% £0 product fee, £500 cashback

[FO16346] 85% LTV, 2.42% £0 product fee, £500 cashback

[FO16540] 90% LTV, 1.74% £995 product fee

[FO16541] 90% LTV, 1.74% £0 product fee, £500 cashback

 

2 year fixed rate purchase - Tracker

[TO4253] 60% LTV, 1.59% £995 product fee, £0 cashback

 

5 year fixed rate purchase

[FO16428] 60% LTV, 1.78% £995 product fee, £350 cashback

[FO16425] 60% LTV, 2.10% £0 product fee, £500 cashback

[FO16358] 70% LTV, 1.96% £995 product fee, £500 cashback

[FO16358] 70% LTV, 2.21% £0 product fee, £500 cashback

[FO16542] 75% LTV, 1.96% £995 product fee, £500 cashback

[FO16543] 75% LTV, 2.22% £0 product fee, £500 cashback

[FO16544] 80% LTV, 2.01% £995 product fee, £500 cashback

[FO16545] 80% LTV, 2.41% £0 product fee, £500 cashback

[FO16546] 85% LTV, 2.15% £995 product fee, £500 cashback

[FO16547] 85% LTV, 2.44% £0 product fee, £500 cashback

[FO16548] 90% LTV, 2.45% £995 product fee

[FO16549] 90% LTV, 2.82% £0 product fee, £500 cashback

 

2 year fixed rate remortgage

[FO16550] 60% LTV, 1.38% £995 product fee

[FO16318] 60% LTV, 1.91% £0 product fee

[FO16330] 70% LTV, 1.49% £995 product fee

[FO16319] 70% LTV, 1.91% £0 product fee

[FO16331] 75% LTV, 1.58% £995 product fee

[FO16336] 75% LTV, 1.91% £0 product fee

[FO16333] 80% LTV, 1.65% £995 product fee

[FO16339] 80% LTV, 2.02% £0 product fee

[FO16334] 85% LTV, 1.75% £995 product fee

[FO16340] 85% LTV, 2.12% £0 product fee

[FO16551] 90% LTV, 1.94% £995 product fee

[FO16552] 90% LTV, 2.23% £0 product fee

 

 

2 year fixed rate remortgage - Tracker

[TO4255] 60% LTV, 1.59% £995 product fee, £0 cashback

 

5 year fixed rate remortgage

[FO16553] 60% LTV, 1.74% £995 product fee

[FO16554] 60% LTV, 1.98% £0 product fee

[FO16555] 70% LTV, 1.90% £995 product fee

[FO16556] 70% LTV, 2.05% £0 product fee

[FO16557] 75% LTV, 1.90% £995 product fee

[FO16558] 75% LTV, 2.06% £0 product fee

[FO16559] 80% LTV, 1.99% £995 product fee

[FO16560] 80% LTV, 2.18% £0 product fee

[FO16561] 85% LTV, 2.14% £995 product fee

[FO16562] 85% LTV, 2.39% £0 product fee

[FO16563] 90% LTV, 2.49% £995 product fee

[FO16564] 90% LTV, 2.79% £0 product fee

 

Transitional arrangements

 

You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on Tuesday 20th  February  2018.

The supporting documentation for online applications on these products must be received in our Mortgage Centre in Birmingham by close of business on Tuesday 6th March 2018.

If you are unable to submit an application online due to a technical issue that cannot be resolved over the phone, then you must submit a paper-based application.. In this instance, you must e-mail your BDM by midday on Wednesday 21st February  2018. Requests received after this time will not be considered.

Your email must include in bullet points:

  • Your details - name, company and postcode
  • Customer name
  • Product applying for
  • Amount of mortgage loan
  • Reason for paper application - If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided
  • State whether you were trying to submit via NatWest Intermediary Solutions’ website or the Mortgage Trading Exchange

 

Paper applications must be signed by all applicants and the original received at the following address by close of business on 27th  February 2018 for your rate to be honoured:

 

 

FREEPOST NatWest Intermediary Solutions

Mortgage Centre

Cartsdyke Avenue

Greenock

PA15 1ED

 

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

NatWest Intermediary Solutions wins two more industry awards

Tuesday 13 February 2018

We are delighted to start 2018 by winning two prestigous awards.

 

We have been named as Best BDM Team at the First Complete & Pink Network awards ceremony, whilst finishing runner up in The Best Prime & Overall Lender of the Year categories.

 

We also won an award at the Finance Planning Group Conference. Rachel Plane was named as Best BDM 2017 for the third year running.

Rate changes to core and semi-exclusive ranges

Effective from Tuesday 30 January 2018

On Tuesday 30 January, we are introducing changes to our core and semi-exclusive ranges. Here’s a summary of the changes:

 

Core range

Shared equity

·         Selected 2 year fixed rate purchase – decreases of between 31-36bps

·         Selected 5 year fixed rate purchase – decreases of between 30-42bps

 

Help to Buy: shared equity scheme

·         Selected 2 year fixed rate purchase – decreases of between 31-36bps

·         Selected 5 year fixed rate purchase – decreases of between 30-42bps

 

First time buyer

·         5 year fixed rate purchase – decreases of 22bps and 13bps on 80% and 85% LTV deals respectively

 

Residential

·         2 year fixed rate purchase – decreases of 19bps and 10bps on 90% and 95% LTV deals respectively

·         Selected 5 year fixed rate purchase – decreases of between 5-35bps

·         Selected 5 year fixed rate remortgage – decreases of between 3-23bps

 

Buy-to-let

·         Selected 2 year fixed rate remortgage – decreases of between 1-32bps

·         Selected 5 year fixed rate remortgage – decreases of between 35-61bps

 

Semi-exclusive range

First time buyer

·         2 year fixed rate purchase – increasing by 5bps on 80% LTV and decreasing by 5bps on 90% LTV deals

·         Selected 5 year fixed rate purchase – decreases of between 9-11bps

 

Residential

·         2 year fixed rate purchase – increasing by 5bps on 60% LTV deal and decreases of between 2-40bps on selected deals

·         Selected 5 year fixed rate purchase – decreases of between 5-21bps

·         Selected 2 year fixed rate remortgage – decreases of between 4-25bps

·         All 5 year fixed rate remortgage – decreases of between 4-21bps

 

Buy-to-let

•              NEW 2 year fixed rate 60% LTV purchase

•              Selected 2 year fixed rate purchase – decreases of 4bps and 11bps on 60% and 70% LTV deals respectively

 

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

 

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

 

CORE RANGE

 

Residential

RATE CHANGES

Shared equity – 2 year fixed rate purchase

[FO16525] 60% LTV, decreasing by 34bps from 1.79% to 1.45% (3.7% APRC, 3.99% SVR), £995 product fee

[FO16526] 70% LTV, decreasing by 36bps from 1.89% to 1.53% (3.7% APRC, 3.99% SVR), £995 product fee

[FO16527] 75% LTV, decreasing by 31bps from 1.92% to 1.61% (3.7% APRC, 3.99% SVR), £995 product fee

 

Shared equity – 5 year fixed rate purchase

[FO16528] 60% LTV, decreasing by 39bps from 2.47% to 2.08% (3.4% APRC, 3.99% SVR), £995 product fee

[FO16529] 70% LTV, decreasing by 30bps from 2.48% to 2.18% (3.4% APRC, 3.99% SVR), £995 product fee

[FO16530] 75% LTV, decreasing by 42bps from 2.60% to 2.18% (3.4% APRC, 3.99% SVR), £995 product fee

 

Help to Buy: shared equity scheme – 2 year fixed rate purchase

[FO16531] 60% LTV, decreasing by 34bps from 1.79% to 1.45% (3.7% APRC, 3.99% SVR), £995 product fee

[FO16532] 70% LTV, decreasing by 36bps from 1.89% to 1.53% (3.7% APRC, 3.99% SVR), £995 product fee

[FO16533] 75% LTV, decreasing by 31bps from 1.92% to 1.61% (3.7% APRC, 3.99% SVR), £995 product fee

 

Help to buy: shared equity scheme – 5 year fixed rate purchase

[FO16534] 60% LTV, decreasing by 39bps from 2.47% to 2.08% (3.4% APRC, 3.99% SVR), £995 product fee

[FO16535] 70% LTV, decreasing by 30bps from 2.48% to 2.18% (3.4% APRC, 3.99% SVR), £995 product fee

[FO16536] 75% LTV, decreasing by 42bps from 2.60% to 2.18% (3.4% APRC, 3.99% SVR), £995 product fee

 

First-time buyer only – 5 year fixed rate purchase

[FO16523] 80% LTV, decreasing by 22bps from 3.60% to 3.38% (3.8% APRC, 3.99% SVR), £0 product fee, £250 cashback

[FO16524] 85% LTV, decreasing by 13bps from 3.63% to 3.50% (3.9% APRC, 3.99% SVR), £0 product fee, £250 cashback

 

2 year fixed rate purchase

[FO16506] 90% LTV, decreasing by 19bps from 2.46% to 2.27% (3.8% APRC, 3.99% SVR), £995 product fee

[FO16507] 95% LTV, decreasing by 10bps from 3.90% to 3.80% (4.0% APRC, 3.99% SVR), £0 product fee

 

5 year fixed rate purchase

[FO16508] 60% LTV, decreasing by 11bps from 3.20% to 3.09% (3.7% APRC, 3.99% SVR), £0 product fee

[FO16509] 70% LTV, decreasing by 5bps from 1.99% to 1.94% (3.3% APRC, 3.99% SVR), £995 product fee, £250 cashback

[FO16510] 70% LTV, decreasing by 8bps from 3.28% to 3.20% (3.8% APRC, 3.99% SVR), £0 product fee

[FO16511] 75% LTV, decreasing by 14bps from 2.08% to 1.94% (3.3% APRC, 3.99% SVR), £995 product fee, £250 cashback

[FO16512] 75% LTV, decreasing by 28bps from 3.49% to 3.21% (3.8% APRC, 3.99% SVR), £0 product fee

[FO16513] 80% LTV, decreasing by 17bps from 2.21% to 2.04% (3.4% APRC, 3.99% SVR), £995 product fee, £250 cashback

[FO16514] 80% LTV, decreasing by 35bps from 3.65% to 3.30% (3.8% APRC, 3.99% SVR), £0 product fee

[FO16515] 85% LTV, decreasing by 29bps from 2.47% to 2.18% (3.4% APRC, 3.99% SVR), £995 product fee, £250 cashback

[FO16516] 85% LTV, decreasing by 25bps from 3.68% to 3.43% (3.9% APRC, 3.99% SVR), £0 product fee

[FO16517] 90% LTV, decreasing by 23bps from 2.91% to 2.68% (3.6% APRC, 3.99% SVR), £995 product fee

[FO16518] 90% LTV, decreasing by 18bps from 3.99% to 3.81% (4.0% APRC, 3.99% SVR), £0 product fee

 

5 year fixed rate remortgage

[FO16519] 60% LTV, decreasing by 3bps from 3.00% to 2.97% (3.7% APRC, 3.99% SVR), £0 product fee

[FO16520] 75% LTV, decreasing by 19bps from 3.24% to 3.05% (3.7% APRC, 3.99% SVR), £0 product fee

[FO16521] 80% LTV, decreasing by 23bps from 3.40% to 3.17% (3.7% APRC, 3.99% SVR), £0 product fee

[FO16522] 85% LTV, decreasing by 5bps from 3.43% to 3.38% (3.8% APRC, 3.99% SVR), £0 product fee

 

Buy-to-let

RATE CHANGES

2 year fixed rate remortgage

[FO16570] 60% LTV, decreasing by 1bps from 3.28% to 3.27% (4.4% APRC, 4.49% SVR), £0 product fee

[FO16571] 70% LTV, decreasing by 31bps from 3.83% to 3.52% (4.4% APRC, 4.49% SVR), £0 product fee

[FO16572] 75% LTV, decreasing by 32bps from 3.89% to 3.57% (4.4% APRC, 4.49% SVR), £0 product fee

 

5 year fixed rate remortgage

[FO16573] 60% LTV, decreasing by 35bps from 3.89% to 3.54% (4.2% APRC, 4.49% SVR), £0 product fee

[FO16574] 70% LTV, decreasing by 56bps from 4.54% to 3.98% (4.4% APRC, 4.49% SVR), £0 product fee

[FO16575] 75% LTV, decreasing by 61bps from 4.68% to 4.07% (4.4% APRC, 4.49% SVR), £0 product fee

 

 

SEMI-EXCLUSIVE RANGE

 

Residential

Rate changes

First-time buyer only - 2 year fixed rate purchase

[FO16565] 80% LTV, increasing by 5bps from 2.29% to 2.34% (3.8% APRC, 3.99% SVR), £0 product fee, £500 cashback

[FO16566] 90% LTV, decreasing by 5bps from 2.69% to 2.64% (3.6% APRC, 3.99% SVR), £0 product fee, £750 cashback

 

First- time buyer only - 5 year fixed rate purchase

[FO16567] 80% LTV, decreasing by 11bps from 2.50% to 2.39% (3.4% APRC, 3.99% SVR), £0 product fee, £750 cashback

[FO16568] 85% LTV, decreasing by 11bps from 2.62% to 2.51% (3.5% APRC, 3.99% SVR), £0 product fee, £750 cashback

[FO16569] 90% LTV, decreasing by 9bps from 3.00% to 2.91% (3.6% APRC, 3.99% SVR), £0 product fee, £750 cashback

 

2 year fixed rate purchase

[FO16537] 60% LTV, increasing by 5bps from 2.05% to 2.10% (3.7% APRC, 3.99% SVR), £0 product fee, £500 cashback

[FO16538] 75% LTV, increasing by 2bps from 2.10% to 2.12% (3.7% APRC, 3.99% SVR), £0 product fee, £500 cashback

[FO16539] 80% LTV, decreasing by 5bps from 2.42% to 2.37% (3.8% APRC, 3.99% SVR), £0 product fee, £500 cashback

[FO16540] 90% LTV, decreasing by 10bps from 1.84% to 1.74% (3.8% APRC, 3.99% SVR), £995 product fee

[FO16541] 90% LTV, decreasing by 40bps from 2.93% to 2.53% (3.9% APRC, 3.99% SVR), £0 product fee, £500 cashback

 

5 year fixed rate purchase

[FO16542] 75% LTV, decreasing by 5bps from 2.01% to 1.96% (3.4% APRC, 3.99% SVR), £995 product fee, £500 cashback

[FO16543] 75% LTV, decreasing by 15bps from 2.37% to 2.22% (3.4% APRC, 3.99% SVR), £0 product fee, £500 cashback

[FO16544] 80% LTV, decreasing by 9bps from 2.10% to 2.01% (3.4% APRC, 3.99% SVR), £995 product fee, £500 cashback

[FO16545] 80% LTV, decreasing by 9bps from 2.50% to 2.41% (3.5% APRC, 3.99% SVR), £0 product fee, £500 cashback

[FO16546] 85% LTV, decreasing by 7bps from 2.22% to 2.15% (3.5% APRC, 3.99% SVR), £995 product fee, £500 cashback

[FO16547] 85% LTV, decreasing by 21bps from 2.65% to 2.44% (3.5% APRC, 3.99% SVR), £0 product fee, £500 cashback

[FO16548] 90% LTV, decreasing by 14bps from 2.59% to 2.45% (3.7% APRC, 3.99% SVR), £995 product fee

[FO16549] 90% LTV, decreasing by 18bps from 3.00% to 2.82% (3.7% APRC, 3.99% SVR), £0 product fee, £500 cashback

 

2 year fixed rate remortgage

[FO16550] 60% LTV, decreasing by 4bps from 1.42% to 1.38% (3.7% APRC, 3.99% SVR), £995 product fee

[FO16551] 90% LTV, decreasing by 25bps from 2.19% to 1.94% (3.8% APRC, 3.99% SVR), £995 product fee

[FO16552] 90% LTV, decreasing by 6bps from 2.29% to 2.23% (3.8% APRC, 3.99% SVR), £0 product fee

 

5 year fixed rate remortgage

[FO16553] 60% LTV, decreasing by 5bps from 1.79% to 1.74% (3.3% APRC, 3.99% SVR), £995 product fee

[FO16554] 60% LTV, decreasing by 6bps from 2.04% to 1.98% (3.3% APRC, 3.99% SVR), £0 product fee

[FO16555] 70% LTV, decreasing by 4bps from 1.94% to 1.90% (3.3% APRC, 3.99% SVR), £995 product fee

[FO16556] 70% LTV, decreasing by 8bps from 2.13% to 2.05% (3.3% APRC, 3.99% SVR), £0 product fee

[FO16557] 75% LTV, decreasing by 4bps from 1.94% to 1.90% (3.3% APRC, 3.99% SVR), £995 product fee

[FO16558] 75% LTV, decreasing by 17bps from 2.23% to 2.06% (3.3% APRC, 3.99% SVR), £0 product fee

[FO16559] 80% LTV, decreasing by 9bps from 2.08% to 1.99% (3.3% APRC, 3.99% SVR), £995 product fee

[FO16560] 80% LTV, decreasing by 21bps from 2.39% to 2.18% (3.3% APRC, 3.99% SVR), £0 product fee

[FO16561] 85% LTV, decreasing by 5bps from 2.19% to 2.14% (3.4% APRC, 3.99% SVR), £995 product fee

[FO16562] 85% LTV, decreasing by 5bps from 2.44% to 2.39% (3.4% APRC, 3.99% SVR), £0 product fee

[FO16563] 90% LTV, decreasing by 14bps from 2.63% to 2.49% (3.5% APRC, 3.99% SVR), £995 product fee

[FO16564] 90% LTV, decreasing by 5bps from 2.84% to 2.79% (3.6% APRC, 3.99% SVR), £0 product fee

 

Buy to let

NEW

2 year fixed rate purchase

[FO16577] 60% LTV, 2.08% (4.1% APRC, 4.49% SVR), £0 product fee

 

RATE CHANGES

Buy to let purchase – 2 year fixed rate

[FO16576] 60% LTV, decreasing by 4bps from 1.69% to 1.65% (4.2% APRC, 4.49% SVR), £995 product fee

[FO16578] 70% LTV, decreasing by 11bps from 2.59% to 2.48% (4.2% APRC, 4.49% SVR), £0 product fee

 

Transitional arrangements

You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on Monday  29 January 2018.

 

The supporting documentation for online applications on these products must be received in our Mortgage Centre by close of business on Tuesday 13 February 2018.

 

Missing information process

Cases received before Tuesday 30 January 2018 with missing information will be identified by the Broker Support Team, who will contact the broker to obtain this.  If the missing information cannot be completed on the same day, the case will not qualify for the expired deal.

 

If you are unable to submit an application online due to a technical issue that cannot be resolved over the phone, then you must submit a paper-based application. The only other circumstance that we will accept a paper application is if you are a Countrywide member using the MTE to submit a porting case. In both instances, you must e-mail your BDM by midday on Tuesday 30 January 2018. Requests received after this time will not be considered.

 

Your email must include in bullet points:

  • Your details - name, company and postcode
  • Customer name
  • Product applying for
  • Amount of mortgage loan
  • Reason for paper application - If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided
  • State whether you were trying to submit via NatWest Intermediary Solutions’ website or the Mortgage Trading Exchange

Paper applications must be signed by all applicants and the original received at the following address by close of business on 1 February 2018 for your rate to be honoured:

Freepost NATWEST INTERMEDIARY SOLUTIONS

NatWest Intermediary Solutions

Mortgage Centre

Cartsdyke Avenue

GREENOCK

PA15 1ED

 

Any cases that are submitted with missing information will not be upheld. Any cases submitted must have all supporting documentation by Tuesday 13 February 2018.

 

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.

New BDMs and Sales Managers announced

Monday 22 January 2018

Having launched its new BDM partnership last week, NatWest Intermediary Solutions has appointed a number of new BDMs to join the team and made two new sales managerial appointments, creating an additional phone BDM team.

 

Zoe Haddon joins as a field BDM who will be working alongside brokers in York, Leeds and Teesside. She has worked for the bank for 23 years in a number of capacities including bank manager, personal mortgage adviser and a relationship manager.

 

Bethany Dowe joins as a phone based BDM to support brokers in the East of England. She has spent the last two years in the LiveTALK team – NatWest’s dedicated broker instant messaging service – so is very familiar with the day-to-day issues that brokers face.

 

Adam Depledge has taken over the phone BDM role covering Lancashire, Yorkshire and Greater Manchester on secondment. Adam is another graduate from the LiveTALK team to make the jump to BDM  so has a very detailed knowledge of lending criteria and processes.

 

Daniel Zipfel is another new phone based BDM who will cover the West Country including Bristol. Daniel has been working within the RBS Group as a personal mortgage adviser for the last 4 years.

 

Another new phone BDM is Suzie Hayter who will cover Coventry, Leicester and Nottingham. Suzy has accumulated a number of years of mortgage experience working as a team manager in the bank’s direct operation.

 

Two new phone Area Sales Managers have been appointed. 2016 British Mortgage Awards winner Matt Wetherell and Michelle Edgley both graduate from BDMs to take up these managerial roles. Matt has 14 years' mortgage experience, most of them in a BDM role. Michelle has been a phone BDM with NWIS for the last three years.

New BDM partnership model launched

Tuesday 16 January 2018

We have launched a new BDM model for the way we support brokers. We have paired up a field BDM and phone BDM to work in partnership to give brokers a more tailored and effective service.

 

We implemented this approach last year for central London brokers following a successful pilot in 2016. This success has laid the foundation for the partnership approach to be rolled out across the UK.

 

There are a number of benefits for brokers:

 

· They will get a more responsive service and greater access to at least one BDM. So if the field BDM is in a meeting, a broker will simply call the phone BDM.

 

· A field BDM will be able to provide hands-on training, participate in team meetings and give face-to-face presentations. A phone BDM will conduct webinars and is better placed to answer web-based questions.

 

· The two BDMs will dovetail to provide a seamless broker journey. For instance, when one is on holiday the other one will still be working so there will not be any disruption in service.

 

· Brokers will have more opportunities to speak to and see a BDM and it will enable the BDMs to deliver a more responsive follow up to any discussions.

 

Our BDM Support team will also be aligned to support specific BDM teams so that brokers will get to establish a relationship with them. 

NatWest Intermediary Solutions Business Conference on Thursday 11th January

Tuesday 9 January 2018

All staff at NatWest Intermediary Solutions will be attending a  Business Conference on Thursday 11th January. This means that some services will be unavailable for a limited period:

  • LiveTALK will be unavailable from 3pm on Wednesday 10th January until 1.30 pm on Friday 12th  January when normal service will resume.
  • Your BDM will send you a personal message confirming when they will be out of the office .
  • If you have a new business enquiry we will be pleased to discuss this with you on our return to the office on 12th  January, either via LiveTalk or your BDM. You can also refer to our A-Z of lending criteria found on this home page.
  • If your query is relating to an existing case please use our online application tracker available via our website or contact 03459 001110.

We apologise for this brief inconvenience but the conference is important for our business to ensure that we continue to deliver a great broker experience in 2018

2017

LiveTALK opening hours over the Christmas and New Year period

Monday 18 December 2017

Monday 18 December - normal opening hours

Tuesday 19 December - normal opening hours

Wednesday 20 December - normal opening hours 

Thursday 21 December – 9am-5pm

Friday 22 December – 9am–4pm

Monday 25 December - CLOSED

Tuesday 26 December – CLOSED

Wednesday 27 December - 10am-4pm

Thursday 28 December - 10am-4pm

Friday 29 December – 10am–4pm

Monday 1 January - CLOSED

From Tuesday 2 January - normal opening hours

Rate changes to core and semi-exclusive ranges

Effective from Thursday 14 December 2017

On Thursday 14 December, we are introducing changes to our core and semi-exclusive ranges. Here’s a summary of the changes:

 

Core range

Residential

·         2 year fixed rate purchase – some small increases on 70%-80% LTV deals and decreases of 10-20bps for 90% and 95% LTV deals

·         5 year fixed rate purchase – decreases of 3 and 10bps for 70% and 95% LTV deals respectively

·         All 2 year fixed rate remortgage – increasing by 10bps

 

Buy-to-let

·         Selected 2 year fixed rate remortgage – increasing by 10bps

 

Product transfer

·         New residential and buy-to-let range launched

 

Semi-exclusive range

Residential

·         First time buyer only – rate reductions of 13-18 bps and cashback reduction from £750 to £500 on two deals

·         Selected 2 year fixed rate purchase – increasing by 7-9bps and a 22bps decrease on the 90% LTV deal

·         5 year fixed rate purchase – decreases of between 1-25bps

·         2 year tracker – 60% LTV increase of 5bps

·         2 year fixed rate remortgage – increases of 1-9bps and 90% LTV decreasing 5-24bps

·         Selected 5 year fixed rate remortgage – decreases of between 3-30bps

 

Buy-to-let

·         NEW 2 year fixed rate 60% LTV purchase

·         Selected 2 year fixed rate purchase and remortgage – increasing by 5-26bps

·         Selected 5 year fixed rate purchase and remortgage – increasing by 1-10bps

 

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

 

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

 

CORE RANGE

Residential

 

NEW

Residential

2 year fixed rate product transfer

[FO16047] 60% LTV, 1.90% (3.8% APRC, 3.99% SVR), £995 product fee

[FO16048] 60% LTV, 2.69% (3.8% APRC, 3.99% SVR), £0 product fee

[FO16051] 70% LTV, 2.09% (3.8% APRC, 3.99% SVR), £995 product fee

[FO16050] 70% LTV, 2.79% (3.8% APRC, 3.99% SVR), £0 product fee

[FO16052] 75% LTV, 2.09% (3.8% APRC, 3.99% SVR), £995 product fee

[FO16049] 75% LTV, 2.79% (3.8% APRC, 3.99% SVR), £0 product fee

[FO16053] 80% LTV, 2.18% (3.8% APRC, 3.99% SVR), £995 product fee

[FO16054] 80% LTV, 2.89% (3.9% APRC, 3.99% SVR), £0 product fee

[FO16055] 85% LTV, 2.38% (3.8% APRC, 3.99% SVR), £995 product fee

[FO16056] 85% LTV, 2.98% (3.9% APRC, 3.99% SVR), £0 product fee

[FO16057] 90% LTV, 2.70% (3.9% APRC, 3.99% SVR), £995 product fee

[FO16058] 90% LTV, 3.08% (3.9% APRC, 3.99% SVR), £0 product fee

[FO16059] 100% LTV, 3.60% (4.1% APRC, 3.99% SVR), £995 product fee

[FO16060] 100% LTV, 3.85% (4.0% APRC, 3.99% SVR), £0 product fee

 

5 year fixed rate product transfer

[FO16061] 60% LTV, 2.44% (3.5% APRC, 3.99% SVR), £995 product fee

[FO16062] 60% LTV, 3.00% (3.7% APRC, 3.99% SVR), £0 product fee

[FO16063] 70% LTV, 2.58% (3.6% APRC, 3.99% SVR), £995 product fee

[FO16064] 70% LTV, 3.03% (3.7% APRC, 3.99% SVR), £0 product fee

[FO16065] 75% LTV, 2.73% (3.6% APRC, 3.99% SVR), £995 product fee

[FO16066] 75% LTV, 3.24% (3.8% APRC, 3.99% SVR), £0 product fee

[FO16067] 80% LTV, 2.83% (3.7% APRC, 3.99% SVR), £995 product fee

[FO16068] 80% LTV, 3.40% (3.8% APRC, 3.99% SVR), £0 product fee

[FO16069] 85% LTV, 3.13% (3.8% APRC, 3.99% SVR), £995 product fee

[FO16070] 85% LTV, 3.43% (3.8% APRC, 3.99% SVR), £0 product fee

[FO16071] 90% LTV, 3.28% (3.8% APRC, 3.99% SVR), £995 product fee

[FO16072] 90% LTV, 3.74% (4.0% APRC, 3.99% SVR), £0 product fee

 

2 year tracker product transfer

[TO4176] 60% LTV, 1.84% (NatWest Bank Base Rate + 1.34%) (3.8% APRC, 3.99% SVR), £995 product fee

[TO4177] 60% LTV, 2.64% (NatWest Bank Base Rate + 2.14%) (3.8% APRC, 3.99% SVR), £0 product fee

[TO4178] 70% LTV, 2.04% (NatWest Bank Base Rate + 1.54%) (3.8% APRC, 3.99% SVR), £995 product fee

[TO4179] 70% LTV, 2.69% (NatWest Bank Base Rate + 2.19%) (3.8% APRC, 3.99% SVR), £0 product fee

[TO4180] 75% LTV, 2.07% (NatWest Bank Base Rate + 1.57%) (3.8% APRC, 3.99% SVR), £995 product fee

[TO4181] 75% LTV, 2.73% (NatWest Bank Base Rate + 2.23%) (3.8% APRC, 3.99% SVR), £0 product fee

 

RATE CHANGES

2 year fixed rate purchase

[FO16268] 70% LTV, increasing by 4bps from 1.44% to 1.48% (3.7% APRC, 3.99% SVR), £995 product fee, £250 cashback

[FO16269] 75% LTV, increasing by 4bps from 1.52% to 1.56% (3.7% APRC, 3.99% SVR), £995 product fee, £250 cashback

[FO15270] 80% LTV, increasing by 6bps from 1.56% to 1.62% (3.7% APRC, 3.99% SVR), £995 product fee, £250 cashback

[FO16271] 85% LTV, increasing by 3bps from 1.70% to 1.73% (3.7% APRC, 3.99% SVR), £995 product fee, £250 cashback

[FO16310] 90% LTV, decreasing by 10bps from 2.56% to 2.46% (3.9% APRC, 3.99% SVR), £995 product fee

[FO16293] 95% LTV, decreasing by 20bps from 4.10% to 3.90% (4.1% APRC, 3.99% SVR), £0 product fee

 

5 year fixed rate purchase

[FO16351] 70% LTV, decreasing by 3bps from 2.02% to 1.99% (3.4% APRC, 3.99% SVR), £995 product fee, £250 cashback

[FO16376] 95% LTV, decreasing by 10bps from 4.55% to 4.45% (4.3% APRC, 3.99% SVR), £0 product fee

 

2 year fixed rate remortgage

[FO16323] 60% LTV, increasing by 10bps from 1.80% to 1.90% (3.8% APRC, 3.99% SVR), £995 product fee

[FO16324] 60% LTV, increasing by 10bps from 2.59% to 2.69% (3.9% APRC, 3.99% SVR), £0 product fee

[FO16325] 70% LTV, increasing by 10bps from 1.99% to 2.09% (3.8% APRC, 3.99% SVR), £995 product fee

[FO16326] 70% LTV, increasing by 10bps from 2.69% to 2.79% (3.9% APRC, 3.99% SVR), £0 product fee

[FO16327] 75% LTV, increasing by 10bps from 1.99% to 2.09% (3.8% APRC, 3.99% SVR), £995 product fee

[FO16328] 75% LTV, increasing by 10bps from 2.69% to 2.79% (3.9% APRC, 3.99% SVR), £0 product fee

[FO16291] 80% LTV, increasing by 10bps from 2.08% to 2.18% (3.8% APRC, 3.99% SVR), £995 product fee

[FO16292] 80% LTV, increasing by 10bps from 2.79% to 2.89% (3.9% APRC, 3.99% SVR), £0 product fee

[FO16285] 85% LTV, increasing by 10bps from 2.28% to 2.38% (3.9% APRC, 3.99% SVR), £995 product fee

[FO16286] 85% LTV, increasing by 10bps from 2.88% to 2.98% (3.9% APRC, 3.99% SVR), £0 product fee

[FO16296] 90% LTV, increasing by 10bps from 2.60% to 2.70% (3.9% APRC, 3.99% SVR), £995 product fee

[FO16295] 90% LTV, increasing by 10bps from 2.98% to 3.08% (3.9% APRC, 3.99% SVR), £0 product fee

 

Buy-to-let

 

NEW

2 year fixed rate product transfer

[FO16073] 60% LTV, 2.04% (4.3% APRC, 4.49% SVR), £1,995 product fee

[FO16074] 60% LTV, 3.28% (4.4% APRC, 4.49% SVR), £0 product fee

[FO16075] 70% LTV, 2.59% (4.4% APRC, 4.49% SVR), £1,995 product fee

[FO16076] 70% LTV, 3.83% (4.5% APRC, 4.49% SVR), £0 product fee

[FO16077] 75% LTV, 2.78% (4.4% APRC, 4.49% SVR), £1,995 product fee

[FO16078] 75% LTV, 3.89% (4.5% APRC, 4.49% SVR), £0 product fee

[FO16079] 90% LTV, 4.06% (4.5% APRC, 4.49% SVR), £0 product fee

 

5 year fixed rate product transfer

[FO16080] 60% LTV, 2.44% (4.3% APRC, 4.49% SVR), £995 product fee

[FO16081] 60% LTV, 3.89% (4.5% APRC, 4.49% SVR), £0 product fee

[FO16082] 70% LTV, 2.83% (4.4% APRC, 4.49% SVR), £995 product fee

[FO16083] 70% LTV, 4.54% (4.6% APRC, 4.49% SVR), £0 product fee

[FO16084] 75% LTV, 2.88% (4.4% APRC, 4.49% SVR), £995 product fee

[FO16085] 75% LTV, 4.68% (4.6% APRC, 4.49% SVR), £0 product fee

 

2 year tracker product transfer

[TO4182] 60% LTV, 2.13% (NatWest Bank Base Rate + 1.63%) (4.3% APRC, 4.49% SVR), £1,995 product fee

[TO4183] 60% LTV, 3.18% (NatWest Bank Base Rate + 2.68%) (4.3% APRC, 4.49% SVR), £0 product fee

[TO4184] 70% LTV, 2.65% (NatWest Bank Base Rate + 2.15%) (4.4% APRC, 4.49% SVR), £1,995 product fee

[TO4185] 70% LTV, 3.68% (NatWest Bank Base Rate + 3.18%) (4.4% APRC, 4.49% SVR), £0 product fee

[TO4186] 75% LTV, 2.69% (NatWest Bank Base Rate + 2.29%) (4.6% APRC, 4.49% SVR), £1,995 product fee

[TO4187] 75% LTV, 3.74% (NatWest Bank Base Rate + 3.24%) (4.4% APRC, 4.49% SVR), £0 product fee

 

RATE CHANGES

2 year fixed rate remortgage

[FO15834] 60% LTV, increasing by 10bps from 1.94% to 2.04% (4.2% APRC, 4.49% SVR), £1,995 product fee

[FO15835] 60% LTV, increasing by 10bps from 3.18% to 3.28% (4.2% APRC, 4.49% SVR), £0 product fee

[FO15836] 70% LTV, increasing by 10bps from 2.49% to 2.59% (4.3% APRC, 4.49% SVR), £1,995 product fee

[FO15837] 70% LTV, increasing by 10bps from 3.73% to 3.83% (4.3% APRC, 4.49% SVR), £0 product fee

[FO15838] 75% LTV, increasing by 10bps from 2.68% to 2.78% (4.3% APRC, 4.49% SVR), £1,995 product fee

[FO15839] 75% LTV, increasing by 10bps from 3.79% to 3.89% (4.3% APRC, 4.49% SVR), £0 product fee

 

 

SEMI-EXCLUSIVE RANGE

Residential

 

RATE AND CASHBACK CHANGES

First-time buyer only – 2 year fixed rate purchase                                                           

[FO16440] 80% LTV, decreasing by 13bps from 2.42% to 2.29% (3.8% APRC, 3.99% SVR), £0 product fee, cashback reducing from £750 to £500

[FO16441] 85% LTV, 2.42% (3.8% APRC, 3.99% SVR), £0 product fee, cashback reducing from £750 to £500

[FO16347] 90% LTV, decreasing by 15bps from 2.84% to 2.69% (3.6% APRC, 3.99% SVR), £995 product fee, £750 cashback

 

First-time buyer only – 5 year fixed rate purchase                                                           

[FO16433] 90% LTV, decreasing by 18bps from 3.18% to 3.00% (3.7% APRC, 3.99% SVR), £0 product fee, £750 cashback

 

2 year fixed rate purchase

[FO16342] 60% LTV, increasing by 7bps from 1.98% to 2.05% (3.7% APRC, 3.99% SVR), £0 product fee, £500 cashback

[FO16343] 70% LTV, increasing by 10bps from 2.00% to 2.10% (3.7% APRC, 3.99% SVR), £0 product fee, £500 cashback

[FO16344] 75% LTV, increasing by 9bps from 2.01% to 2.10% (3.7% APRC, 3.99% SVR), £0 product fee, £500 cashback

[FO16348] 90% LTV, decreasing by 22bps from 2.06% to 1.84% (3.8% APRC, 3.99% SVR), £995 product fee

 

5 year fixed rate purchase

[FO16428] 60% LTV, decreasing by 1bp from 1.79% to 1.78% (3.8% APRC, 3.99% SVR), £995 product fee, £350 cashback

[FO16425] 60% LTV, decreasing by 9bps from 2.19% to 2.10% (3.4% APRC, 3.99% SVR), £0 product fee, £500 cashback

[FO16358] 70% LTV, decreasing by 9bps from 2.05% to 1.96% (3.3% APRC, 3.99% SVR), £995 product fee, £500 cashback

[FO16420] 70% LTV, decreasing by 7bps from 2.28% to 2.21% (3.4% APRC, 3.99% SVR), £0 product fee, £500 cashback

[FO16421] 75% LTV, decreasing by 4bps from 2.05% to 2.01% (3.4% APRC, 3.99% SVR), £995 product fee, £500 cashback

[FO16422] 75% LTV, decreasing by 9bps from 2.46% to 2.37% (3.4% APRC, 3.99% SVR), £0 product fee, £500 cashback

[FO16423] 80% LTV, decreasing by 12bps from 2.22% to 2.10% (3.4% APRC, 3.99% SVR), £995 product fee, £500 cashback

[FO16424] 85% LTV, decreasing by 17bps from 2.39% to 2.22% (3.5% APRC, 3.99% SVR), £995 product fee, £500 cashback

[FO16366] 90% LTV, decreasing by 25bps from 2.84% to 2.59% (3.7% APRC, 3.99% SVR), £995 product fee

[FO16375] 90% LTV, decreasing by 18bps from 3.18% to 3.00% (3.7% APRC, 3.99% SVR), £0 product fee, £500 cashback

 

2 year tracker

[TO4253] 60% LTV, increasing by 5bps from 1.54% to 1.59% (NatWest Bank Base Rate + 1.09%)(3.8% APRC, 3.99% SVR), £995 product fee

                                                                                                                                                                               

2 year fixed remortgage

[FO16329] 60% LTV, increasing by 7bps from 1.35% to 1.42% (3.7% APRC, 3.99% SVR), £995 product fee

[FO16318] 60% LTV, increasing by 9bps from 1.82% to 1.91% (3.7% APRC, 3.99% SVR), £0 product fee

[FO16330] 70% LTV, increasing by 1bp from 1.48% to 1.49% (3.7% APRC, 3.99% SVR), £995 product fee

[FO16319] 70% LTV, increasing by 9bps from 1.82% to 1.91% (3.7% APRC, 3.99% SVR), £0 product fee

[FO16331] 75% LTV, increasing by 8bps from 1.50% to 1.58% (3.7% APRC, 3.99% SVR), £995 product fee

[FO16336] 75% LTV, increasing by 7bps from 1.84% to 1.91% (3.7% APRC, 3.99% SVR), £0 product fee

[FO16333] 80% LTV, increasing by 7bps from 1.58% to 1.65% (3.7% APRC, 3.99% SVR), £995 product fee

[FO16339] 80% LTV, increasing by 3bps from 1.99% to 2.02% (3.7% APRC, 3.99% SVR), £0 product fee

[FO16334] 85% LTV, increasing by 5bps from 1.70% to 1.75% (3.8% APRC, 3.99% SVR), £995 product fee

[FO16340] 85% LTV, increasing by 4bps from 2.08% to 2.12% (3.7% APRC, 3.99% SVR), £0 product fee

[FO16341] 90% LTV, decreasing by 5bps from 2.24% to 2.19% (3.8% APRC, 3.99% SVR), £995 product fee

[FO16332] 90% LTV, decreasing by 24bps from 2.53% to 2.29% (3.8% APRC, 3.99% SVR), £0 product fee

 

5 year fixed rate remortgage

[FO16359] 60% LTV, decreasing by 3bps from 2.07% to 2.04% (3.3% APRC, 3.99% SVR), £0 product fee

[FO16411] 70% LTV, decreasing by 8bps from 2.02% to 1.94% (3.3% APRC, 3.99% SVR), £995 product fee

[FO16359] 70% LTV, decreasing by 6bps from 2.19% to 2.13% (3.3% APRC, 3.99% SVR), £0 product fee

[FO16416] 75% LTV, decreasing by 14bps from 2.08% to 1.94% (3.3% APRC, 3.99% SVR), £995 product fee

[FO16414] 80% LTV, decreasing by 9bps from 2.19% to 2.08% (3.4% APRC, 3.99% SVR), £995 product fee

[FO16415] 85% LTV, decreasing by 20bps from 2.39% to 2.19% (3.4% APRC, 3.99% SVR), £995 product fee

[FO16429] 85% LTV, decreasing by 9bps from 2.53% to 2.44% (3.4% APRC, 3.99% SVR), £0 product fee

[FO16413] 90% LTV, decreasing by 26bps from 2.89% to 2.63% (3.6% APRC, 3.99% SVR), £995 product fee

[FO16430] 90% LTV, decreasing by 30bps from 3.14% to 2.84% (3.6% APRC, 3.99% SVR), £0 product fee

 

Buy-to-let

 

NEW

2 year fixed rate purchase

[FO16442] 60% LTV, 1.69% (4.2% APRC, 4.49% SVR), £995 product fee

 

RATE CHANGES

2 year fixed rate purchase

[FO16338] 70% LTV, increasing by 26bps from 2.33% to 2.59% (4.3% APRC, 4.49% SVR), £0 product fee

[FO16308] 75% LTV, increasing by 6bps from 1.93% to 1.99% (4.3% APRC, 4.49% SVR), £995 product fee

[FO16294] 75% LTV, increasing by 7bps from 2.64% to 2.71% (4.3% APRC, 4.49% SVR), £0 product fee

 

5 year fixed rate purchase

[FO16434] 60% LTV, increasing by 6bps from 2.53% to 2.59% (3.8% APRC, 4.49% SVR), £0 product fee

[FO16434] 70% LTV, increasing by 8bps from 2.63% to 2.71% (4.0% APRC, 4.49% SVR), £995 product fee

 

2 year fixed rate remortgage

[FO16277] 60% LTV, increasing by 6bps from 1.63% to 1.69% (4.2% APRC, 4.49% SVR), £995 product fee

[FO16278] 60% LTV, increasing by 5bps from 2.23% to 2.28% (4.2% APRC, 4.49% SVR), £0 product fee

[FO16282] 75% LTV, increasing by 5bps from 2.53% to 2.58% (4.3% APRC, 4.49% SVR), £0 product fee

 

5 year fixed rate remortgage

[FO16363] 60% LTV, increasing by 10bps from 2.18% to 2.28% (3.6% APRC, 4.49% SVR), £995 product fee

[FO16436] 60% LTV, increasing by 1bp from 2.54% to 2.55% (3.7% APRC, 4.49% SVR), £0 product fee

[FO16364] 70% LTV, increasing by 9bps from 2.70% to 2.79% (3.8% APRC, 4.49% SVR), £995 product fee

[FO16437] 70% LTV, increasing by 1bp from 2.98% to 2.99% (3.8% APRC, 4.49% SVR), £0 product fee

[FO16438] 75% LTV, increasing by 10bps from 2.70% to 2.80% (3.8% APRC, 4.49% SVR), £995 product fee

[FO16439] 75% LTV, increasing by 9bps from 2.99% to 3.08% (3.8% APRC, 4.49% SVR), £0 product fee

 

Cashback offers:

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

Offer can be changed/withdrawn at any time

Early repayment charges may apply

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

Overpayments:

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

Early repayment charges:

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

5 year fixed rate: 5% until 30 April 2019, 4% until 30 April 2020, 3% until 30 April 2021, 2% until 30 April 2022, 1% until 30 April 2023

Minimum loan amounts:

£25,000

 

 

Transitional arrangements

 

You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on Wednesday  13 December 2017.

 

The supporting documentation for online applications on these products must be received in our Mortgage Centre in Birmingham by close of business on Wednesday 27 December 2017.

 

Missing information process

 

Cases received before Thursday 14 December 2017 with missing information will be identified by the Broker Support Team, who will contact the broker to obtain this.  If the missing information cannot be completed on the same day, the case will not qualify for the expired deal.

 

If you are unable to submit an application online due to a technical issue that cannot be resolved over the phone, then you must submit a paper-based application. The only other circumstance that we will accept a paper application is if you are a Countrywide member using the MTE to submit a porting case. In both instances, you must e-mail your BDM by midday on Thursday 14 December 2017. Requests received after this time will not be considered.

 

Your email must include in bullet points:

 

  • Your details - name, company and postcode
  • Customer name
  • Product applying for
  • Amount of mortgage loan
  • Reason for paper application - If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided
  • State whether you were trying to submit via NatWest Intermediary Solutions’ website or the Mortgage Trading Exchange

 

Paper applications must be signed by all applicants and the original received at the following address by close of business on Monday 18 December 2017 for your rate to be honoured:

 

NatWest Intermediary Solutions

Broker Support Team

1st Floor

6 Brindley Place

Birmingham

B1 2UU

 

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

 

Any cases submitted must have all supporting documentation by Wednesday 27 December 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.

 

New product transfer and retention fee facility launches on Thursday 14 December

Tuesday 12 December 2017

We will be launching our new product transfer facility on Thursday 14 December that will enable you to assist existing NatWest mortgage customers to switch to a new NatWest mortgage when their current deal comes to an end.  

 

The facility is available for both residential and buy-to-let business for customers who are within their roll-off period, those on a standard variable rate (SVR) and those with ‘track and switch’ functionality. The balance available to switch must also meet the new product minimum of £25,000.

 

On completion of each product transfer deal, a gross procuration fee of 0.2% will be paid.

 

The new service includes a free House Price Index (HPI) value to ensure that most appropriate LTV deal is offered to customers.  It is not available to customers who want to exit an existing deal ahead of the roll-off period, those customers wishing to simultaneously take additional borrowing, change the mortgage terms or repayment type or those whose mortgage is in arrears. 

 

A new range of product transfer mortgage deals will be offered:

 

Residential

2 year fixed rate product transfer

[FO16047] 60% LTV, 1.90% (3.8% APRC, 3.99% SVR), £995 product fee

[FO16048] 60% LTV, 2.69% (3.8% APRC, 3.99% SVR), £0 product fee

[FO16051] 70% LTV, 2.09% (3.8% APRC, 3.99% SVR), £995 product fee

[FO16050] 70% LTV, 2.79% (3.8% APRC, 3.99% SVR), £0 product fee

[FO16052] 75% LTV, 2.09% (3.8% APRC, 3.99% SVR), £995 product fee

[FO16049] 75% LTV, 2.79% (3.8% APRC, 3.99% SVR), £0 product fee

[FO16053] 80% LTV, 2.18% (3.8% APRC, 3.99% SVR), £995 product fee

[FO16054] 80% LTV, 2.89% (3.9% APRC, 3.99% SVR), £0 product fee

[FO16055] 85% LTV, 2.38% (3.8% APRC, 3.99% SVR), £995 product fee

[FO16056] 85% LTV, 2.98% (3.9% APRC, 3.99% SVR), £0 product fee

[FO16057] 90% LTV, 2.70% (3.9% APRC, 3.99% SVR), £995 product fee

[FO16058] 90% LTV, 3.08% (3.9% APRC, 3.99% SVR), £0 product fee

[FO16059] 100% LTV, 3.60% (4.1% APRC, 3.99% SVR), £995 product fee

[FO16060] 100% LTV, 3.85% (4.0% APRC, 3.99% SVR), £0 product fee

 

5 year fixed rate product transfer

[FO16061] 60% LTV, 2.44% (3.5% APRC, 3.99% SVR), £995 product fee

[FO16062]  60% LTV, 3.00% (3.7% APRC, 3.99% SVR), £0 product fee

[FO16063] 70% LTV, 2.58% (3.6% APRC, 3.99% SVR), £995 product fee

[FO16064] 70% LTV, 3.03% (3.7% APRC, 3.99% SVR), £0 product fee

[FO16065] 75% LTV, 2.73% (3.6% APRC, 3.99% SVR), £995 product fee

[FO16066] 75% LTV, 3.24% (3.8% APRC, 3.99% SVR), £0 product fee

[FO16067] 80% LTV, 2.83% (3.7% APRC, 3.99% SVR), £995 product fee

[FO16068] 80% LTV, 3.40% (3.8% APRC, 3.99% SVR), £0 product fee

[FO16069] 85% LTV, 3.13% (3.8% APRC, 3.99% SVR), £995 product fee

[FO16070] 85% LTV, 3.43% (3.8% APRC, 3.99% SVR), £0 product fee

[FO16071] 90% LTV, 3.28% (3.8% APRC, 3.99% SVR), £995 product fee

[FO16072] 90% LTV, 3.74% (4.0% APRC, 3.99% SVR), £0 product fee

 

2 year tracker product transfer

[TO4176] 60% LTV, 1.84% (NatWest Bank Base Rate + 1.34%) (3.8% APRC, 3.99% SVR), £995 product fee

[TO4177] 60% LTV, 2.64% (NatWest Bank Base Rate + 2.14%) (3.8% APRC, 3.99% SVR), £0 product fee

[TO4178] 70% LTV, 2.04% (NatWest Bank Base Rate + 1.54%) (3.8% APRC, 3.99% SVR), £995 product fee

[TO4179] 70% LTV, 2.69% (NatWest Bank Base Rate + 2.19%) (3.8% APRC, 3.99% SVR), £0 product fee

[TO4180] 75% LTV, 2.07% (NatWest Bank Base Rate + 1.57%) (3.8% APRC, 3.99% SVR), £995 product fee

[TO4181] 75% LTV, 2.73% (NatWest Bank Base Rate + 2.23%) (3.8% APRC, 3.99% SVR), £0 product fee

 

Buy-to-let

2 year fixed rate product transfer

[FO16073] 60% LTV, 2.04% (4.3% APRC, 4.49% SVR), £1,995 product fee

[FO16074] 60% LTV, 3.28% (4.4% APRC, 4.49% SVR), £0 product fee

[FO16075] 70% LTV, 2.59% (4.4% APRC, 4.49% SVR), £1,995 product fee

[FO16076] 70% LTV, 3.83% (4.5% APRC, 4.49% SVR), £0 product fee

[FO16077] 75% LTV, 2.78% (4.4% APRC, 4.49% SVR), £1,995 product fee

[FO16078] 75% LTV, 3.89% (4.5% APRC, 4.49% SVR), £0 product fee

[FO16079] 90% LTV, 4.06% (4.5% APRC, 4.49% SVR), £0 product fee

 

5 year fixed rate product transfer

[FO16080] 60% LTV, 2.44% (4.3% APRC, 4.49% SVR), £995 product fee

[FO16081] 60% LTV, 3.89% (4.5% APRC, 4.49% SVR), £0 product fee

[FO16082] 70% LTV, 2.83% (4.4% APRC, 4.49% SVR), £995 product fee

[FO16083] 70% LTV, 4.54% (4.6% APRC, 4.49% SVR), £0 product fee

[FO16084] 75% LTV, 2.88% (4.4% APRC, 4.49% SVR), £995 product fee

[FO16085] 75% LTV, 4.68% (4.6% APRC, 4.49% SVR), £0 product fee

 

2 year tracker product transfer

[TO4182] 60% LTV, 2.13% (NatWest Bank Base Rate + 1.63%) (4.3% APRC, 4.49% SVR), £1,995 product fee

[TO4183] 60% LTV, 3.18% (NatWest Bank Base Rate + 2.68%) (4.3% APRC, 4.49% SVR), £0 product fee

[TO4184] 70% LTV, 2.65% (NatWest Bank Base Rate + 2.15%) (4.4% APRC, 4.49% SVR), £1,995 product fee

[TO4185] 70% LTV, 3.68% (NatWest Bank Base Rate + 3.18%) (4.4% APRC, 4.49% SVR), £0 product fee

[TO4186] 75% LTV, 2.69% (NatWest Bank Base Rate + 2.29%) (4.6% APRC, 4.49% SVR), £1,995 product fee

[TO4187] 75% LTV, 3.74% (NatWest Bank Base Rate + 3.24%) (4.4% APRC, 4.49% SVR), £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, 1% until 30 April 2020

5 year fixed rate: 5% until 30 April 2019, 4% until 30 April 2020, 3% until 30 April 2021, 2% until 30 April 2022, 1% until 30 April 2023

Minimum loan amounts:

£25,000

 

NatWest Intermediary Solutions wins Lender of the Year at Mortgageforce Awards 2017

Monday 27 November 2017

We were delighted to be named Lender of the Year at the Mortgageforce Awards 2017.

NatWest Intermediary Solutions wins 5 star award at Financial Adviser Service Awards 2017

Friday 24 November 2017

Last night, at the annual Financial Adviser Service Awards were held to recognise excellence in the financial services industry, NatWest Intermediary Solutions was awarded the prestigious 5 star rating.

 

These awards are regarded as the blue riband because they represent the whole of the financial services industry and are voted for by our customers – thousands of mortgage intermediaries – covering six categories:

 

  • Speed of processing
  • Feedback and updates on the progress of applications
  • Product knowledge and understanding of criteria
  • Reliability, returning calls and a friendly, helpful attitude
  • Flexible criteria and intelligent underwriting
  • Electronic business

 

NatWest Intermediary Solutions named Mortgage Lender of the Year at the Mortgage Introducer Awards 2017

Thursday 23 November 2017

We were delighted to receive the award last night for Mortgage Lender of the Year at the Mortgage Introducer Awards 2017. Voted for by mortgage brokers, it's the first time we have won this award.

LiveTALK offline between 9am - 2pm on Wednesday 22nd November

Monday 20 November 2017

LiveTALK will be offline between 9am until 2pm on Wednesday 22nd November for a staff training event meaning that opening hours for that day only will be 2 – 5pm. Opening hours remain as normal for all other days.

New Certification sheet introduced to make mortgage application packaging easier

Friday 17 November 2017

Packaging your customers’ mortgage applications so that they are ‘right first time’ will ensure that they will be processed quickly avoiding any unnecessary delays because of requests for further information. ‘Right first time’ means having all the required supporting documentation correctly labelled and sent to us together at intermediarydocs@natwest.com.

 

To make life easier for you we have introduced a new Certification sheet for you to complete, which means that you do not have to certify each individual document you send in. You’ll be able to detail the documentation type and total number of pages being submitted and by signing this sheet you will be confirming that the documents are ‘true copies of the originals’.

 

Use of the Certification sheet is not mandatory and we will continue to accept individually certified documents but if you are submitting multiple pages you should find it quicker and easier to use it.

 

The Certification sheet will only cover the documents sent it in with it. If you need to submit more documents at a later date you will need to complete a separate sheet to cover them.

 

You’ll find all the information you need about the certification and documentation we require from your customers in our Packaging requirements guide.

Tracker deal rates to increase by 0.25% in line with new NatWest Base Rate

Friday 17 November 2017

From Monday 20 November, the NatWest Bank Base Rate will increase by 0.25% to 0.5% for new business. This change will be reflected in new initial rates on our 2 year and 5 year tracker mortgages.

 

Existing customers who are currently on a NatWest tracker deal will see the rate on their mortgage increase by 0.25% from Friday 1 December 2017.

 

We will write to all customers affected with details of their new interest rate and monthly repayment amount.

 

Customers currently on a NatWest fixed rate mortgage deal will not be affected by this change.

 

All product codes remain unchanged.

 

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

 

New product transfer and retention fee facility to be launched on 14 December

Tuesday 14 November

We will launch our new product transfer facility on Thursday 14 December that will enable brokers to assist existing NatWest mortgage customers to switch to a new NatWest mortgage when their current deal comes to an end. The facility will be available for both residential and buy-to-let business for customers who are within their roll-off period, those on a standard variable rate (SVR) and those with ‘track and switch’ functionality.

 

The balance available to switch must also meet the new product minimum of £25,000.

 

On completion of each product transfer deal brokers will be paid a gross procuration fee of 0.2%.

 

The facility is not available to customers who want to exit an existing deal ahead of the roll-off period, those customers wishing to simultaneously take additional borrowing or instigate a contract variation, or those whose mortgage is in arrears.

Rate changes to core and semi-exclusive ranges

Effective from Tuesday 14 November 2017

On Tuesday 14 November, we are introducing changes to our core and semi-exclusive ranges. Here’s a summary of the changes:

 

Core range

Residential

·         All 2 year fixed rate purchase and remortgage – decreasing by 15bps

·         All 5 year fixed rate purchase and remortgage – decreasing by 20bps

 

Buy-to-let

·         All 2 year fixed rate purchase and remortgage – decreasing by 15bps

·         All 5 year fixed rate purchase and remortgage – decreasing by 20bps

 

Semi-exclusive range

Residential

·         All 2 year fixed rate purchase and remortgage – decreasing by 15bps

·         All 5 year fixed rate purchase and remortgage – decreasing by 20bps

 

Buy-to-let

·         All 2 year fixed rate purchase and remortgage – decreasing by 15bps

·         All 5 year fixed rate purchase and remortgage – decreasing by 20bps

 

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

 

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

 

CORE RANGE

Residential

 

RATE CHANGES

First-time buyer only – 2 year fixed rate purchase                                                           

[FO15743] 80% LTV, decreasing by 15bps from 2.61% to 2.46% (3.6% APRC, 3.75% SVR), £0 product fee, £250 cashback

[FO15744] 85% LTV, decreasing by 15bps from 2.61% to 2.46% (3.6% APRC, 3.75% SVR), £0 product fee, £250 cashback

[FO15745] 90% LTV, decreasing by 15bps from 3.06% to 2.91% (3.7% APRC, 3.75% SVR), £995 product fee, £250 cashback

 

First-time buyer only – 5 year fixed rate purchase                                                           

[FO15746] 80% LTV, decreasing by 20bps from 3.80% to 3.60% (3.8% APRC, 3.75% SVR), £0 product fee, £250 cashback

[FO15747] 85% LTV, decreasing by 20bps from 3.83% to 3.63% (3.8% APRC, 3.75% SVR), £0 product fee, £250 cashback

[FO15748] 90% LTV, decreasing by 20bps from 3.92% to 3.72% (3.8% APRC, 3.75% SVR), £995 product fee, £250 cashback                                                                                                                                               

               

Shared Equity            - 2 year fixed rate purchase                                                                        

[FO15749] 60% LTV, decreasing by 15bps from 1.94% to 1.79% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15750] 60% LTV, decreasing by 15bps from 2.83% to 2.68% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15751] 70% LTV, decreasing by 15bps from 2.04% to 1.89% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15752] 70% LTV, decreasing by 15bps from 2.83% to 2.68% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15753] 75% LTV, decreasing by 15bps from 2.07% to 1.92% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15754] 75% LTV, decreasing by 15bps from 2.83% to 2.68% (3.6% APRC, 3.75% SVR), £0 product fee

                               

Shared equity            - 5 year fixed rate purchase                                                                        

[FO15755] 60% LTV, decreasing by 20bps from 2.67% to 2.47% (3.4% APRC, 3.75% SVR), £995 product fee

[FO15756] 60% LTV, decreasing by 20bps from 3.59% to 3.39% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15757] 70% LTV, decreasing by 20bps from 2.68% to 2.48% (3.4% APRC, 3.75% SVR), £995 product fee

[FO15758] 70% LTV, decreasing by 20bps from 3.59% to 3.39% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15759] 75% LTV, decreasing by 20bps from 2.80% to 2.60% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15760] 75% LTV, decreasing by 20bps from 3.69% to 3.49% (3.7% APRC, 3.75% SVR), £0 product fee

                                                                                                                                                                               

Help to Buy: shared equity - 2 year fixed rate purchase                                                              

[FO15761] 60% LTV, decreasing by 15bps from 1.94% to 1.79% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15762] 60% LTV, decreasing by 15bps from 2.83% to 2.68% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15763] 70% LTV, decreasing by 15bps from 2.04% to 1.89% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15764] 70% LTV, decreasing by 15bps from 2.83% to 2.68% (3.6% APRC, 3.75% SVR), £0 product fee

[FO15765] 75% LTV, decreasing by 15bps from 2.07% to 1.92% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15766] 75% LTV, decreasing by 15bps from 2.83% to 2.68% (3.6% APRC, 3.75% SVR), £0 product fee

                               

Help to Buy: shared equity - 5 year fixed rate purchase                                                  

[FO15767] 60% LTV, decreasing by 20bps from 2.67% to 2.47% (3.4% APRC, 3.75% SVR), £995 product fee

[FO15768] 60% LTV, decreasing by 20bps from 3.59% to 3.39% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15769] 70% LTV, decreasing by 20bps from 2.68% to 2.48% (3.4% APRC, 3.75% SVR), £995 product fee

[FO15770] 70% LTV, decreasing by 20bps from 3.59% to 3.39% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15771] 75% LTV, decreasing by 20bps from 2.80% to 2.60% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15772] 75% LTV, decreasing by 20bps from 3.69% to 3.49% (3.7% APRC, 3.75% SVR), £0 product fee

                                                                                                                                                                               

2 year fixed rate purchase

[FO15693] 60% LTV, decreasing by 15bps from 1.55% to 1.40% (3.5% APRC, 3.75% SVR), £995 product fee, £250 cashback

[FO15694] 60% LTV, decreasing by 15bps from 2.55% to 2.40% (3.6% APRC, 3.75% SVR), £0 product fee

[FO15695] 70% LTV, decreasing by 15bps from 1.59% to 1.44% (3.5% APRC, 3.75% SVR), £995 product fee, £250 cashback

[FO15696] 70% LTV, decreasing by 15bps from 2.60% to 2.45% (3.6% APRC, 3.75% SVR), £0 product fee

[FO15697] 75% LTV, decreasing by 15bps from 1.67% to 1.52% (3.5% APRC, 3.75% SVR), £995 product fee, £250 cashback

[FO15698] 75% LTV, decreasing by 15bps from 2.60% to 2.45% (3.6% APRC, 3.75% SVR), £0 product fee

[FO15699] 80% LTV, decreasing by 15bps from 1.71% to 1.56% (3.5% APRC, 3.75% SVR), £995 product fee, £250 cashback

[FO15700] 80% LTV, decreasing by 15bps from 3.09% to 2.94% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15701] 85% LTV, decreasing by 15bps from 1.85% to 1.70% (3.5% APRC, 3.75% SVR), £995 product fee, £250 cashback

[FO15702] 85% LTV, decreasing by 15bps from 3.18% to 3.03% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15703] 90% LTV, decreasing by 15bps from 2.71% to 2.56% (3.7% APRC, 3.75% SVR), £995 product fee

[FO15704] 90% LTV, decreasing by 15bps from 3.50% to 3.35% (3.8% APRC, 3.75% SVR), £0 product fee

[FO15705] 95% LTV, decreasing by 15bps from 4.25% to 4.10% (3.9% APRC, 3.75% SVR), £0 product fee

 

5 year fixed rate purchase

[FO15706] 60% LTV, decreasing by 20bps from 1.99% to 1.79% (3.2% APRC, 3.75% SVR), £995 product fee, £250 cashback

[FO15707] 60% LTV, decreasing by 20bps from 3.40% to 3.20% (3.6% APRC, 3.75% SVR), £0 product fee

[FO15708] 70% LTV, decreasing by 20bps from 2.22% to 2.02% (3.2% APRC, 3.75% SVR), £995 product fee, £250 cashback

[FO15709] 70% LTV, decreasing by 20bps from 3.48% to 3.28% (3.6% APRC, 3.75% SVR), £0 product fee

[FO15710] 75% LTV, decreasing by 20bps from 2.28% to 2.08% (3.2% APRC, 3.75% SVR), £995 product fee, £250 cashback

[FO15711] 75% LTV, decreasing by 20bps from 3.69% to 3.49% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15712] 80% LTV, decreasing by 20bps from 2.41% to 2.21% (3.3% APRC, 3.75% SVR), £995 product fee, £250 cashback

[FO15713] 80% LTV, decreasing by 20bps from 3.85% to 3.65% (3.8% APRC, 3.75% SVR), £0 product fee

[FO15714] 85% LTV, decreasing by 20bps from 2.67% to 2.47% (3.4% APRC, 3.75% SVR), £995 product fee, £250 cashback

[FO15715] 85% LTV, decreasing by 20bps from 3.88% to 3.68% (3.8% APRC, 3.75% SVR), £0 product fee

[FO15716] 90% LTV, decreasing by 20bps from 3.11% to 2.91% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15717] 90% LTV, decreasing by 20bps from 4.19% to 3.99% (3.9% APRC, 3.75% SVR), £0 product fee

[FO15718] 95% LTV, decreasing by 20bps from 4.75% to 4.55% (4.2% APRC, 3.75% SVR), £0 product fee

 

2 year fixed rate remortgage

[FO15719] 60% LTV, decreasing by 15bps from 1.95% to 1.80% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15720] 60% LTV, decreasing by 15bps from 2.74% to 2.59% (3.6% APRC, 3.75% SVR), £0 product fee

[FO15721] 70% LTV, decreasing by 15bps from 2.14% to 1.99% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15722] 70% LTV, decreasing by 15bps from 2.84% to 2.69% (3.6% APRC, 3.75% SVR), £0 product fee

[FO15723] 75% LTV, decreasing by 15bps from 2.14% to 1.99% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15724] 75% LTV, decreasing by 15bps from 2.84% to 2.69% (3.6% APRC, 3.75% SVR), £0 product fee

[FO15725] 80% LTV, decreasing by 15bps from 2.23% to 2.08% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15726] 80% LTV, decreasing by 15bps from 2.94% to 2.79% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15727] 85% LTV, decreasing by 15bps from 2.43% to 2.28% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15728] 85% LTV, decreasing by 15bps from 3.03% to 2.88% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15729] 90% LTV, decreasing by 15bps from 2.75% to 2.60% (3.7% APRC, 3.75% SVR), £995 product fee

[FO15730] 90% LTV, decreasing by 15bps from 3.13% to 2.98% (3.7% APRC, 3.75% SVR), £0 product fee

                                                                                                                                               

5 year fixed rate remortgage

[FO15731] 60% LTV, decreasing by 20bps from 2.64% to 2.44% (3.4% APRC, 3.75% SVR), £995 product fee

[FO15732] 60% LTV, decreasing by 20bps from 3.20% to 3.00% (3.5% APRC, 3.75% SVR), £0 product fee

[FO15733] 70% LTV, decreasing by 20bps from 2.78% to 2.58% (3.4% APRC, 3.75% SVR), £995 product fee

[FO15734] 70% LTV, decreasing by 20bps from 3.23% to 3.03% (3.5% APRC, 3.75% SVR), £0 product fee

[FO15735] 75% LTV, decreasing by 20bps from 2.93% to 2.73% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15736] 75% LTV, decreasing by 20bps from 3.44% to 3.24% (3.6% APRC, 3.75% SVR), £0 product fee

[FO15737] 80% LTV, decreasing by 20bps from 3.03% to 2.83% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15738] 80% LTV, decreasing by 20bps from 3.60% to 3.40% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15739] 85% LTV, decreasing by 20bps from 3.33% to 3.13% (3.7% APRC, 3.75% SVR), £995 product fee

[FO15740] 85% LTV, decreasing by 20bps from 3.63% to 3.43% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15741] 90% LTV, decreasing by 20bps from 3.48% to 3.28% (3.7% APRC, 3.75% SVR), £995 product fee

[FO15742] 90% LTV, decreasing by 20bps from 3.94% to 3.74% (3.8% APRC, 3.75% SVR), £0 product fee

 

Buy-to-let

 

RATE CHANGES

2 year fixed rate purchase

[FO15822] 60% LTV, decreasing by 15bps from 1.99% to 1.84% (4.1% APRC, 4.25% SVR), £995 product fee

[FO15823] 60% LTV, decreasing by 15bps from 2.37% to 2.22% (4.0% APRC, 4.25% SVR), £0 product fee

[FO15824] 70% LTV, decreasing by 15bps from 2.27% to 2.12% (4.1% APRC, 4.25% SVR), £995 product fee

[FO15825] 70% LTV, decreasing by 15bps from 2.78% to 2.63% (4.1% APRC, 4.25% SVR), £0 product fee

[FO15826] 75% LTV, decreasing by 15bps from 2.27% to 2.12 (4.1% APRC, 4.25% SVR), £995 product fee

[FO15827] 75% LTV, decreasing by 15bps from 2.87% to 2.72% (4.1% APRC, 4.25% SVR), £0 product fee

 

5 year fixed rate purchase

[FO15828] 60% LTV, decreasing by 20bps from 2.60% to 2.40% (3.7% APRC, 4.25% SVR), £995 product fee

[FO15829] 60% LTV, decreasing by 20bps from 3.08% to 2.88% (3.8% APRC, 4.25% SVR), £0 product fee

[FO15830] 70% LTV, decreasing by 20bps from 2.97% to 2.77% (3.9% APRC, 4.25% SVR), £995 product fee

[FO15831] 70% LTV, decreasing by 20bps from 3.18% to 2.98% (3.8% APRC, 4.25% SVR), £0 product fee

[FO15832] 75% LTV, decreasing by 20bps from 3.19% to 2.99% (3.9% APRC, 4.25% SVR), £995 product fee

[FO15833] 75% LTV, decreasing by 20bps from 3.35% to 3.15% (3.9% APRC, 4.25% SVR), £0 product fee

 

2 year fixed rate remortgage

[FO15834] 60% LTV, decreasing by 15bps from 2.09% to 1.94% (4.2% APRC, 4.25% SVR), £1,995 product fee

[FO15835] 60% LTV, decreasing by 15bps from 3.33% to 3.18% (4.2% APRC, 4.25% SVR), £0 product fee

[FO15836] 70% LTV, decreasing by 15bps from 2.64% to 2.49% (4.3% APRC, 4.25% SVR), £1,995 product fee

[FO15837] 70% LTV, decreasing by 15bps from 3.88% to 3.73% (4.3% APRC, 4.25% SVR), £0 product fee

[FO15838] 75% LTV, decreasing by 15bps from 2.83% to 2.68% (4.3% APRC, 4.25% SVR), £1,995 product fee

[FO15839] 75% LTV, decreasing by 15bps from 3.94% to 3.79% (4.3% APRC, 4.25% SVR), £0 product fee

 

5 year fixed rate remortgage

[FO15840] 60% LTV, decreasing by 20bps from 2.64% to 2.44% (3.7% APRC, 4.25% SVR), £995 product fee

[FO15841] 60% LTV, decreasing by 20bps from 4.09% to 3.89% (4.2% APRC, 4.25% SVR), £0 product fee

[FO15842] 70% LTV, decreasing by 20bps from 3.03% to 2.83% (3.9% APRC, 4.25% SVR), £995 product fee

[FO15843] 70% LTV, decreasing by 20bps from 4.74% to 4.54% (4.5% APRC, 4.25% SVR), £0 product fee

[FO15844] 75% LTV, decreasing by 20bps from 3.08% to 2.88% (3.9% APRC, 4.25% SVR), £995 product fee

[FO15845] 75% LTV, decreasing by 20bps from 4.88% to 4.68% (4.5% APRC, 4.25% SVR), £0 product fee

 

SEMI-EXCLUSIVE RANGE

Residential

 

First-time buyer only – 2 year fixed rate purchase                                                           

[FO15816] 80% LTV, decreasing by 15bps from 2.57% to 2.42% (3.6% APRC, 3.75% SVR), £0 product fee, £750 cashback

[FO15817] 85% LTV, decreasing by 15bps from 2.57% to 2.42% (3.6% APRC, 3.75% SVR), £0 product fee, £750 cashback

[FO15818] 90% LTV, decreasing by 15bps from 2.99% to 2.84% (3.5% APRC, 3.75% SVR), £995 product fee, £750 cashback

 

First-time buyer only – 5 year fixed rate purchase                                                           

[FO15819] 80% LTV, decreasing by 20bps from 2.70% to 2.50% (3.3% APRC, 3.75% SVR), £0 product fee, £750 cashback

[FO15820] 85% LTV, decreasing by 20bps from 2.82% to 2.62% (3.4% APRC, 3.75% SVR), £0 product fee, £750 cashback

[FO15821] 90% LTV, decreasing by 20bps from 3.38% to 3.18% (3.6% APRC, 3.75% SVR), £0 product fee, £750 cashback

 

2 year fixed rate purchase

[FO15773] 60% LTV, decreasing by 15bps from 2.13% to 1.98% (3.6% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15774] 70% LTV, decreasing by 15bps from 2.15% to 2.00% (3.6% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15775] 75% LTV, decreasing by 15bps from 2.16% to 2.01% (3.6% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15776] 80% LTV, decreasing by 15bps from 2.57% to 2.42% (3.6% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15777] 85% LTV, decreasing by 15bps from 2.57% to 2.42% (3.6% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15778] 90% LTV, decreasing by 15bps from 2.21% to 2.06% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15779] 90% LTV, decreasing by 15bps from 3.08% to 2.93% (3.7% APRC, 3.75% SVR), £0 product fee, £500 cashback

 

5 year fixed rate purchase

[FO15780] 60% LTV, decreasing by 20bps from 1.99% to 1.79% (3.6% APRC, 3.75% SVR), £995 product fee, £350 cashback

[FO15781] 60% LTV, decreasing by 20bps from 2.39% to 2.19% (3.3% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15782] 70% LTV, decreasing by 20bps from 2.25% to 2.05% (3.2% APRC, 3.75% SVR), £995 product fee, £500 cashback

[FO15783] 70% LTV, decreasing by 20bps from 2.48% to 2.28% (3.3% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15784] 75% LTV, decreasing by 20bps from 2.25% to 2.05% (3.3% APRC, 3.75% SVR), £995 product fee, £500 cashback

[FO15785] 75% LTV, decreasing by 20bps from 2.66% to 2.46% (3.3% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15786] 80% LTV, decreasing by 20bps from 2.42% to 2.22% (3.4% APRC, 3.75% SVR), £995 product fee, £500 cashback

[FO15787] 80% LTV, decreasing by 20bps from 2.70% to 2.50% (3.4% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15788] 85% LTV, decreasing by 20bps from 2.59% to 2.39% (3.4% APRC, 3.75% SVR), £995 product fee, £500 cashback

[FO15789] 85% LTV, decreasing by 20bps from 2.85% to 2.65% (3.5% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15790] 90% LTV, decreasing by 20bps from 3.04% to 2.84% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15791] 90% LTV, decreasing by 20bps from 3.38% to 3.18% (3.7% APRC, 3.75% SVR), £0 product fee, £500 cashback

                                                                                                                                                                               

2 year fixed remortgage

[FO15792] 60% LTV, decreasing by 15bps from 1.50% to 1.35% (3.5% APRC, 3.75% SVR), £995 product fee,

[FO15793] 60% LTV, decreasing by 15bps from 1.97% to 1.82% (3.5% APRC, 3.75% SVR), £0 product fee,

[FO15794] 70% LTV, decreasing by 15bps from 1.63% to 1.48% (3.5% APRC, 3.75% SVR), £995 product fee,

[FO15795] 70% LTV, decreasing by 15bps from 1.97% to 1.82% (3.5% APRC, 3.75% SVR), £0 product fee,

[FO15796] 75% LTV, decreasing by 15bps from 1.65% to 1.50% (3.5% APRC, 3.75% SVR), £995 product fee,

[FO15797] 75% LTV, decreasing by 15bps from 1.99% to 1.84% (3.5% APRC, 3.75% SVR), £0 product fee,

[FO15798] 80% LTV, decreasing by 15bps from 1.73% to 1.58% (3.6% APRC, 3.75% SVR), £995 product fee,

[FO15799] 80% LTV, decreasing by 15bps from 2.14% to 1.99% (3.5% APRC, 3.75% SVR), £0 product fee,

[FO15800] 85% LTV, decreasing by 15bps from 1.85% to 1.70% (3.5% APRC, 3.75% SVR), £995 product fee,

[FO15801] 85% LTV, decreasing by 15bps from 2.23% to 2.08% (3.5% APRC, 3.75% SVR), £0 product fee,

[FO15802] 90% LTV, decreasing by 15bps from 2.39% to 2.24% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15803] 90% LTV, decreasing by 15bps from 2.68% to 2.53% (3.6% APRC, 3.75% SVR), £0 product fee,

5 year fixed rate remortgage

[FO15804] 60% LTV, decreasing by 20bps from 1.99% to 1.79% (3.2% APRC, 3.75% SVR), £995 product fee,

[FO15805] 60% LTV, decreasing by 20bps from 2.27% to 2.07% (3.2% APRC, 3.75% SVR), £0 product fee,

[FO15806] 70% LTV, decreasing by 20bps from 2.22% to 2.02% (3.2% APRC, 3.75% SVR), £995 product fee,

[FO15807] 70% LTV, decreasing by 20bps from 2.39% to 2.19% (3.2% APRC, 3.75% SVR), £0 product fee,

[FO15808] 75% LTV, decreasing by 20bps from 2.28% to 2.08% (3.2% APRC, 3.75% SVR), £995 product fee,

[FO15809] 75% LTV, decreasing by 20bps from 2.43% to 2.23% (3.2% APRC, 3.75% SVR), £0 product fee,

[FO15810] 80% LTV, decreasing by 20bps from 2.39% to 2.19% (3.3% APRC, 3.75% SVR), £995 product fee,

[FO15811] 80% LTV, decreasing by 20bps from 2.59% to 2.39% (3.3% APRC, 3.75% SVR), £0 product fee,

[FO15812] 85% LTV, decreasing by 20bps from 2.59% to 2.39% (3.4% APRC, 3.75% SVR), £995 product fee,

[FO15813] 85% LTV, decreasing by 20bps from 2.73% to 2.53% (3.3% APRC, 3.75% SVR), £0 product fee,

[FO15814] 90% LTV, decreasing by 20bps from 3.09% to 2.89% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15815] 90% LTV, decreasing by 20bps from 3.34% to 3.14% (3.6% APRC, 3.75% SVR), £0 product fee,

 

Buy-to-let

 

RATE CHANGES

2 year fixed rate purchase

[FO15846] 70% LTV, decreasing by 15bps from 2.08% to 1.93% (4.0% APRC, 4.25% SVR), £995 product fee

[FO15847] 70% LTV, decreasing by 15bps from 2.48% to 2.33% (4.0% APRC, 4.25% SVR), £0 product fee

[FO15848] 75% LTV, decreasing by 15bps from 2.08% to 1.93% (4.0% APRC, 4.25% SVR), £995 product fee

[FO15849] 75% LTV, decreasing by 15bps from 2.79% to 2.64% (4.1% APRC, 4.25% SVR), £0 product fee

 

5 year fixed rate purchase

[FO15850] 60% LTV, decreasing by 20bps from 2.43% to 2.23% (3.7% APRC, 4.25% SVR), £995 product fee

[FO15851] 60% LTV, decreasing by 20bps from 2.73% to 2.53% (3.7% APRC, 4.25% SVR), £0 product fee

[FO15852] 70% LTV, decreasing by 20bps from 2.83% to 2.63% (3.8% APRC, 4.25% SVR), £995 product fee

[FO15853] 75% LTV, decreasing by 20bps from 2.98% to 2.78% (3.9% APRC, 4.25% SVR), £995 product fee

 

2 year fixed rate remortgage

[FO15854] 60% LTV, decreasing by 15bps from 1.78% to 1.63% (4.0% APRC, 4.25% SVR), £995 product fee

[FO15855] 60% LTV, decreasing by 15bps from 2.38% to 2.23% (4.0% APRC, 4.25% SVR), £0 product fee

[FO15856] 70% LTV, decreasing by 15bps from 2.18% to 2.03% (4.1% APRC, 4.25% SVR), £995 product fee

[FO15857] 70% LTV, decreasing by 15bps from 2.68% to 2.53% (4.0% APRC, 4.25% SVR), £0 product fee

[FO15858] 75% LTV, decreasing by 15bps from 2.18% to 2.03% (4.1% APRC, 4.25% SVR), £995 product fee

[FO15859] 75% LTV, decreasing by 15bps from 2.68% to 2.53% (4.0% APRC, 4.25% SVR), £0 product fee

 

5 year fixed rate remortgage

[FO15860] 60% LTV, decreasing by 20bps from 2.38% to 2.18% (3.6% APRC, 4.25% SVR), £995 product fee

[FO15861] 60% LTV, decreasing by 20bps from 2.74% to 2.54% (3.7% APRC, 4.25% SVR), £0 product fee

[FO15862] 70% LTV, decreasing by 20bps from 2.90% to 2.70% (3.8% APRC, 4.25% SVR), £995 product fee

[FO15863] 70% LTV, decreasing by 20bps from 2.98% to 2.78% (3.8% APRC, 4.25% SVR), £0 product fee

[FO15864] 75% LTV, decreasing by 20bps from 2.90% to 2.70% (3.8% APRC, 4.25% SVR), £995 product fee

[FO15865] 75% LTV, decreasing by 20bps from 3.19% to 2.99% (3.8% APRC, 4.25% SVR), £0 product fee

 

Cashback offers:

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

Offer can be changed/withdrawn at any time

Early repayment charges may apply

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

Overpayments:

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

Early repayment charges:

2 year fixed rate: 2% until 28 February 2019, 1% until 29 February 2020

5 year fixed rate: 5% until 28 February 2019, 4% until 29 February 2020, 3% until 28 February 2021, 2% until 28 February 2022, 1% until 28 February 2023

Minimum loan amounts:

£25,000

 

 

Transitional arrangements

 

You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on Monday 13 November 2017.

 

The supporting documentation for online applications on these products must be received in our Mortgage Centre in Birmingham by close of business on Monday 27 November 2017.

 

Missing information process

 

Cases received before Tuesday 14 November 2017 with missing information will be identified by the Broker Support Team, who will contact the broker to obtain this.  If the missing information cannot be completed on the same day, the case will not qualify for the expired deal.

 

If you are unable to submit an application online due to a technical issue that cannot be resolved over the phone, then you must submit a paper-based application. The only other circumstance that we will accept a paper application is if you are a Countrywide member using the MTE to submit a porting case. In both instances, you must e-mail your BDM by midday on Tuesday 14 November 2017. Requests received after this time will not be considered.

 

Your email must include in bullet points:

 

  • Your details - name, company and postcode
  • Customer name
  • Product applying for
  • Amount of mortgage loan
  • Reason for paper application - If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided
  • State whether you were trying to submit via NatWest Intermediary Solutions’ website or the Mortgage Trading Exchange

 

Paper applications must be signed by all applicants and the original received at the following address by close of business on Thursday 16 November 2017 for your rate to be honoured:

 

NatWest Intermediary Solutions

Broker Support Team

1st Floor

6 Brindley Place

Birmingham

B1 2UU

 

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

 

Any cases submitted must have all supporting documentation by Monday 27 November 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.

 

SVR to change

Friday 10 November 2017

From Monday 20 November 2017, the Standard Variable Rates (SVRs) for our residential and buy-to-let mortgages will increase by 0.24% to reflect the recent rise in the Bank of England’s Base Rate.  This means that the SVR for all new residential mortgage deals will be 3.99% and for all new buy-to-let mortgage deals it will be 4.49%. All existing NatWest mortgage customers on an SVR will have their rate increased with effect from Friday 1 December 2017.

 

Customers currently on a fixed rate deal or awaiting completion will move onto the new SVR at the end of their current product term.  

 

All product codes will remain unchanged. For a complete listing of all our mortgage products, please visit the product page.

 

 

 

Rate changes to core and semi-exclusive ranges

Effective from Tuesday 24 October 2017

On Tuesday 24 October, we are introducing changes to our core and semi-exclusive ranges.

 

Core range

Residential

·         First-time buyer only - 2 & 5 year fixed rate purchase – increasing by 20bps

·         Shared equity scheme, 2 & 5 year fixed rate purchase – increasing by 20bps

·         2 & 5 year fixed rate purchase deals – increasing by between 16-20bps

·         2 year fixed rate remortgages – increasing by 15bps

·         5 year fixed rate remortgages – increasing by 5bps

 

Buy-to-let

·         2 & 5 year fixed rate purchase and remortgages – increasing by 10bps

 

Semi-exclusive range

Residential

·         First-time buyer only - 2 & 5 year fixed rate purchase – increasing by 20bps

·         2 & 5 year fixed rate purchase deals – increasing by between 16-20bps

·         2 & 5 year fixed rate remortgages – increasing by between 14-20bps

 

Buy-to-let

·         2 & 5 year fixed rate purchase and remortgages – increasing by 10bps

 

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

 

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

 

CORE RANGE

Residential

 

RATE CHANGES

First-time buyer only – 2 year fixed rate purchase                                                                       

[FO15389] 80% LTV, increasing by 20bps from 2.41% to 2.61% (3.6% APRC, 3.75% SVR), £0 product fee, £250 cashback

[FO15390]85% LTV, increasing by 20bps from 2.41% to 2.61% (3.6% APRC, 3.75% SVR), £0 product fee, £250 cashback

[FO15391] 90% LTV, increasing by 20bps from 2.86% to 3.06% (3.7% APRC, 3.75% SVR), £995 product fee, £250 cashback

 

First-time buyer only – 5 year fixed rate purchase                                                                       

[FO15392] 80% LTV, increasing by 20bps from 3.60% to 3.80% (3.9% APRC, 3.75% SVR), £0 product fee, £250 cashback

[FO15393] 85% LTV, increasing by 20bps from 3.63% to 3.83% (3.9% APRC, 3.75% SVR), £0 product fee, £250 cashback

[FO15394] 90% LTV, increasing by 20bps from 3.72% to 3.92% (3.9% APRC, 3.75% SVR), £995 product fee, £250 cashback                                                                                                                                

               

Shared Equity            - 2 year fixed rate purchase                                                                        

[FO15395] 60% LTV, increasing by 20bps from 1.74% to 1.94% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15396] 60% LTV, increasing by 20bps from 2.63% to 2.83% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15397] 70% LTV, increasing by 20bps from 1.84% to 2.04% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15398] 70% LTV, increasing by 20bps from 2.63% to 2.83% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15399] 75% LTV, increasing by 20bps from 1.87% to 2.07% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15400] 75% LTV, increasing by 20bps from 2.63% to 2.83% (3.7% APRC, 3.75% SVR), £0 product fee

                               

Shared equity            - 5 year fixed rate purchase                                                                        

[FO15401] 60% LTV, increasing by 20bps from 2.47% to 2.67% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15402] 60% LTV, increasing by 20bps from 3.39% to 3.59% (3.8% APRC, 3.75% SVR), £0 product fee

[FO15403] 70% LTV, increasing by 20bps from 2.48% to 2.68% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15404] 70% LTV, increasing by 20bps from 3.39% to 3.59% (3.8% APRC, 3.75% SVR), £0 product fee

[FO15405] 75% LTV, increasing by 20bps from 2.60% to 2.80% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15406] 75% LTV, increasing by 20bps from 3.49% to 3.69% (3.8% APRC, 3.75% SVR), £0 product fee

                                                                                                                                                                                                               

Help to Buy: shared equity - 2 year fixed rate purchase                                                              

[FO15431] 60% LTV, increasing by 20bps from 1.74% to 1.94% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15432] 60% LTV, increasing by 20bps from 2.63% to 2.83% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15433] 70% LTV, increasing by 20bps from 1.84% to 2.04% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15434] 70% LTV, increasing by 20bps from 2.63% to 2.83% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15435] 75% LTV, increasing by 20bps from 1.87% to 2.07% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15436] 75% LTV, increasing by 20bps from 2.63% to 2.83% (3.7% APRC, 3.75% SVR), £0 product fee

                               

Help to Buy: shared equity - 5 year fixed rate purchase                                                  

[FO15437] 60% LTV, increasing by 20bps from 2.47% to 2.67% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15438] 60% LTV, increasing by 20bps from 3.39% to 3.59% (3.8% APRC, 3.75% SVR), £0 product fee

[FO15439] 70% LTV, increasing by 20bps from 2.48% to 2.68% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15440] 70% LTV, increasing by 20bps from 3.39% to 3.59% (3.8% APRC, 3.75% SVR), £0 product fee

[FO15441] 75% LTV, increasing by 20bps from 2.60% to 2.80% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15442] 75% LTV, increasing by 20bps from 3.49% to 3.69% (3.8% APRC, 3.75% SVR), £0 product fee

                                                                                                                                                                                                               

2 year fixed rate purchase

[FO15339] 60% LTV, increasing by 20bps from 1.35% to 1.55% (3.6% APRC, 3.75% SVR), £995 product fee, £250 cashback

[FO15340] 60% LTV, increasing by 20bps from 2.35% to 2.55% (3.56% APRC, 3.75% SVR), £0 product fee

[FO15341] 70% LTV, increasing by 20bps from 1.39% to 1.59% (3.5% APRC, 3.75% SVR), £995 product fee, £250 cashback

[FO15342] 70% LTV, increasing by 20bps from 2.40% to 2.60% (3.6% APRC, 3.75% SVR), £0 product fee

[FO15343] 75% LTV, increasing by 20bps from 1.47% to 1.67% (3.5% APRC, 3.75% SVR), £995 product fee, £250 cashback

[FO15344] 75% LTV, increasing by 20bps from 2.40% to 2.60% (3.6% APRC, 3.75% SVR), £0 product fee

[FO15345] 80% LTV, increasing by 20bps from 1.51% to 1.71% (3.5% APRC, 3.75% SVR), £995 product fee, £250 cashback

[FO15346] 80% LTV, increasing by 20bps from 2.89% to 3.09% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15347] 85% LTV, increasing by 20bps from 1.65% to 1.85% (3.6% APRC, 3.75% SVR), £995 product fee, £250 cashback

[FO15348] 85% LTV, increasing by 20bps from 2.98% to 3.18% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15349] 90% LTV, increasing by 20bps from 2.51% to 2.71% (3.7% APRC, 3.75% SVR), £995 product fee

[FO15350] 90% LTV, increasing by 20bps from 3.30% to 3.50% (3.8% APRC, 3.75% SVR), £0 product fee

[FO15351] 95% LTV, increasing by 20bps from 4.05% to 4.25% (3.7% APRC, 3.75% SVR), £0 product fee

 

5 year fixed rate purchase

[FO15352] 60% LTV, increasing by 16bps from 1.83% to 1.99% (3.2% APRC, 3.75% SVR), £995 product fee, £250 cashback

[FO15353] 60% LTV, increasing by 20bps from 3.20% to 3.40% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15354] 70% LTV, increasing by 20bps from 2.02% to 2.22% (3.3% APRC, 3.75% SVR), £995 product fee, £250 cashback

[FO15355] 70% LTV, increasing by 20bps from 3.28% to 3.48% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15356] 75% LTV, increasing by 20bps from 2.08% to 2.28% (3.3% APRC, 3.75% SVR), £995 product fee, £250 cashback

[FO15357] 75% LTV, increasing by 20bps from 3.49% to 3.69% (3.8% APRC, 3.75% SVR), £0 product fee

[FO15358] 80% LTV, increasing by 20bps from 2.21% to 2.41% (3.4% APRC, 3.75% SVR), £995 product fee, £250 cashback

[FO15359] 80% LTV, increasing by 20bps from 3.65% to 3.85% (3.9% APRC, 3.75% SVR), £0 product fee

[FO15360] 85% LTV, increasing by 20bps from 2.47% to 2.67% (3.5% APRC, 3.75% SVR), £995 product fee, £250 cashback

[FO15361] 85% LTV, increasing by 20bps from 3.68% to 3.88% (3.9% APRC, 3.75% SVR), £0 product fee

[FO15362] 90% LTV, increasing by 20bps from 2.91% to 3.11% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15363] 90% LTV, increasing by 20bps from 3.99% to 4.19% (4.0% APRC, 3.75% SVR), £0 product fee

[FO15364] 95% LTV, increasing by 20bps from 4.55% to 4.75% (4.3% APRC, 3.75% SVR), £0 product fee

 

2 year fixed rate remortgage

[FO15365] 60% LTV, increasing by 15bps from 1.80% to 1.95% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15366] 60% LTV, increasing by 15bps from 2.59% to 2.74% (3.5% APRC, 3.75% SVR), £0 product fee

[FO15367] 70% LTV, increasing by 15bps from 1.99% to 2.14% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15368] 70% LTV, increasing by 15bps from 2.69% to 2.84% (3.5% APRC, 3.75% SVR), £0 product fee

[FO15369] 75% LTV, increasing by 15bps from 1.99% to 2.14% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15370] 75% LTV, increasing by 15bps from 2.69% to 2.84% (3.5% APRC, 3.75% SVR), £0 product fee

[FO15371] 80% LTV, increasing by 15bps from 2.08% to 2.23% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15372] 80% LTV, increasing by 15bps from 2.79% to 2.94% (3.5% APRC, 3.75% SVR), £0 product fee

[FO15373] 85% LTV, increasing by 15bps from 2.28% to 2.43% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15374] 85% LTV, increasing by 15bps from 2.88% to 3.03% (3.5% APRC, 3.75% SVR), £0 product fee

[FO15375] 90% LTV, increasing by 15bps from 2.60% to 2.75% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15376] 90% LTV, increasing by 15bps from 2.98% to 3.13% (3.5% APRC, 3.75% SVR), £0 product fee

                                                                                                                                               

5 year fixed rate remortgage

[FO15377] 60% LTV, increasing by 5bps from 2.59% to 2.64% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15378] 60% LTV, increasing by 5bps from 3.15% to 3.20% (3.6% APRC, 3.75% SVR), £0 product fee

[FO15379] 70% LTV, increasing by 5bps from 2.73% to 2.78% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15380] 70% LTV, increasing by 5bps from 3.18% to 3.23% (3.6% APRC, 3.75% SVR), £0 product fee

[FO15381] 75% LTV, increasing by 5bps from 2.88% to 2.93% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15382] 75% LTV, increasing by 5bps from 3.39% to 3.44% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15383] 80% LTV, increasing by 5bps from 2.98% to 3.03% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15384] 80% LTV, increasing by 5bps from 3.55% to 3.60% (3.8% APRC, 3.75% SVR), £0 product fee

[FO15385] 85% LTV, increasing by 5bps from 3.28% to 3.33% (3.7% APRC, 3.75% SVR), £995 product fee

[FO15386] 85% LTV, increasing by 5bps from 3.58% to 3.63% (3.8% APRC, 3.75% SVR), £0 product fee

[FO15387] 90% LTV, increasing by 5bps from 3.43% to 3.48% (3.8% APRC, 3.75% SVR), £995 product fee

[FO15388] 90% LTV, increasing by 5bps from 3.89% to 3.94% (3.9% APRC, 3.75% SVR), £0 product fee

 

Buy-to-let

 

RATE CHANGES

2 year fixed rate purchase

 

[FO15407] 60% LTV, increasing by 10bps from 1.89% to 1.99% (4.1% APRC, 4.25% SVR), £995 product fee

[FO15408] 60% LTV, increasing by 10bps from 2.27% to 2.37% (4.0% APRC, 4.25% SVR), £0 product fee

[FO15409] 70% LTV, increasing by 10bps from 2.17% to 2.27% (4.1% APRC, 4.25% SVR), £995 product fee

[FO15410] 70% LTV, increasing by 10bps from 2.68% to 2.78% (4.1% APRC, 4.25% SVR), £0 product fee

[FO15411] 75% LTV, increasing by 10bps from 2.17% to 2.27% (4.1% APRC, 4.25% SVR), £995 product fee

[FO15412] 75% LTV, increasing by 10bps from 2.77% to 2.87% (4.1% APRC, 4.25% SVR), £0 product fee

 

5 year fixed rate purchase

[FO15413] 60% LTV, increasing by 10bps from 2.50% to 2.60% (3.8% APRC, 4.25% SVR), £995 product fee

[FO15414] 60% LTV, increasing by 10bps from 2.98% to 3.08% (3.9% APRC, 4.25% SVR), £0 product fee

[FO15415] 70% LTV, increasing by 10bps from 2.87% to 2.97% (3.9% APRC, 4.25% SVR), £995 product fee

[FO15416] 70% LTV, increasing by 10bps from 3.08% to 3.18% (3.9% APRC, 4.25% SVR), £0 product fee

[FO15417] 75% LTV, increasing by 10bps from 3.09% to 3.19% (4.0% APRC, 4.25% SVR), £995 product fee

[FO15418] 75% LTV, increasing by 10bps from 3.25% to 3.35% (4.0% APRC, 4.25% SVR), £0 product fee

 

2 year fixed rate remortgage

[FO15419] 60% LTV, increasing by 10bps from 1.99% to 2.09% (4.2% APRC, 4.25% SVR), £1,995 product fee

[FO15420] 60% LTV, increasing by 10bps from 3.23% to 3.33% (4.2% APRC, 4.25% SVR), £0 product fee

[FO15421] 70% LTV, increasing by 10bps from 2.54% to 2.64% (4.3% APRC, 4.25% SVR), £1,995 product fee

[FO15422] 70% LTV, increasing by 10bps from 3.78% to 3.88% (4.3% APRC, 4.25% SVR), £0 product fee

[FO15423] 75% LTV, increasing by 10bps from 2.73% to 2.83% (4.3% APRC, 4.25% SVR), £1,995 product fee

[FO15424] 75% LTV, increasing by 10bps from 3.84% to 3.94% (4.3% APRC, 4.25% SVR), £0 product fee

 

5 year fixed rate remortgage

[FO15425] 60% LTV, increasing by 10bps from 2.54% to 2.64% (3.8% APRC, 4.25% SVR), £995 product fee

[FO15426] 60% LTV, increasing by 10bps from 3.99% to 4.09% (4.3% APRC, 4.25% SVR), £0 product fee

[FO15427] 70% LTV, increasing by 10bps from 2.93% to 3.03% (4.0% APRC, 4.25% SVR), £995 product fee

[FO15428] 70% LTV, increasing by 10bps from 4.64% to 4.74% (4.6% APRC, 4.25% SVR), £0 product fee

[FO15429] 75% LTV, increasing by 10bps from 2.98% to 3.08% (4.0% APRC, 4.25% SVR), £995 product fee

[FO15430] 75% LTV, increasing by 10bps from 4.78% to 4.88% (4.6% APRC, 4.25% SVR), £0 product fee

 

 

SEMI-EXCLUSIVE RANGE

Residential

 

First-time buyer only – 2 year fixed rate purchase                                                                       

[FO15506] 80% LTV, increasing by 20bps from 2.37% to 2.57% (3.6% APRC, 3.75% SVR), £0 product fee, £750 cashback

[FO15507] 85% LTV, increasing by 20bps from 2.37% to 2.57% (3.6% APRC, 3.75% SVR), £0 product fee, £750 cashback

 [FO15508] 90% LTV, increasing by 20bps from 2.79% to 2.99% (3.5% APRC, 3.75% SVR), £995 product fee, £750 cashback

 

First-time buyer only – 5 year fixed rate purchase                                                                       

[FO15509] 80% LTV, increasing by 20bps from 2.50% to 2.70% (3.4% APRC, 3.75% SVR), £0 product fee, £750 cashback

[FO15510] 85% LTV, increasing by 20bps from 2.62% to 2.82% (3.5% APRC, 3.75% SVR), £0 product fee, £750 cashback

[FO15511] 90% LTV, increasing by 20bps from 3.18% to 3.38% (3.7% APRC, 3.75% SVR), £0 product fee, £750 cashback

 

2 year fixed rate purchase

[FO15443] 60% LTV, increasing by 20bps from 1.93% to 2.13% (3.6% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15444] 70% LTV, increasing by 20bps from 1.95% to 2.15% (3.6% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15445] 75% LTV, increasing by 20bps from 1.96% to 2.16% (3.6% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15446] 80% LTV, increasing by 20bps from 2.37% to 2.57% (3.6% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15447] 85% LTV, increasing by 20bps from 2.37% to 2.57% (3.6% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15448] 90% LTV, increasing by 20bps from 2.01% to 2.21% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15449] 90% LTV, increasing by 20bps from 2.88% to 3.08% (3.7% APRC, 3.75% SVR), £0 product fee, £500 cashback

 

5 year fixed rate purchase

[FO15450] 60% LTV, increasing by 16bps from 1.83% to 1.99% (3.6% APRC, 3.75% SVR), £995 product fee, £350 cashback

[FO15451] 60% LTV, increasing by 16bps from 2.19% to 2.39% (3.3% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15452] 70% LTV, increasing by 20bps from 2.05% to 2.25% (3.3% APRC, 3.75% SVR), £995 product fee, £500 cashback

[FO15453] 70% LTV, increasing by 20bps from 2.28% to 2.48% (3.3% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15454] 75% LTV, increasing by 20bps from 2.05% to 2.25% (3.3% APRC, 3.75% SVR), £995 product fee, £500 cashback

[FO15455] 75% LTV, increasing by 20bps from 2.46% to 2.66% (3.4% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15456] 80% LTV, increasing by 20bps from 2.22% to 2.42% (3.4% APRC, 3.75% SVR), £995 product fee, £500 cashback

[FO15457] 80% LTV, increasing by 20bps from 2.50% to 2.70% (3.4% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15458] 85% LTV, increasing by 20bps from 2.39% to 2.59% (3.4% APRC, 3.75% SVR), £995 product fee, £500 cashback

[FO15459] 85% LTV, increasing by 20bps from 2.65% to 2.85% (3.5% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15460] 90% LTV, increasing by 20bps from 2.84% to 3.04% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15461] 90% LTV, increasing by 20bps from 3.18% to 3.38% (3.7% APRC, 3.75% SVR), £0 product fee, £500 cashback

                                                                                                                                                                                               

2 year fixed remortgage

[FO15462] 60% LTV, increasing by 20bps from 1.30% to 1.50% (3.5% APRC, 3.75% SVR), £995 product fee,

[FO15463] 60% LTV, increasing by 20bps from 1.77% to 1.97% (3.5% APRC, 3.75% SVR), £0 product fee,

[FO15464] 70% LTV, increasing by 20bps from 1.43% to 1.63% (3.5% APRC, 3.75% SVR), £995 product fee,

[FO15465] 70% LTV, increasing by 20bps from 1.77% to 1.97% (3.5% APRC, 3.75% SVR), £0 product fee,

[FO15466] 75% LTV, increasing by 20bps from 1.45% to 1.65% (3.5% APRC, 3.75% SVR), £995 product fee,

[FO15467] 75% LTV, increasing by 20bps from 1.79% to 1.99% (3.5% APRC, 3.75% SVR), £0 product fee,

[FO15468] 80% LTV, increasing by 20bps from 1.53% to 1.73% (3.6% APRC, 3.75% SVR), £995 product fee,

[FO15469] 80% LTV, increasing by 20bps from 1.94% to 2.14% (3.5% APRC, 3.75% SVR), £0 product fee,

[FO15470] 85% LTV, increasing by 20bps from 1.65% to 1.85% (3.6% APRC, 3.75% SVR), £995 product fee,

[FO15471] 85% LTV, increasing by 20bps from 2.03% to 2.23% (3.6% APRC, 3.75% SVR), £0 product fee,

[FO15472] 90% LTV, increasing by 20bps from 2.19% to 2.39% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15473] 90% LTV, increasing by 20bps from 2.48% to 2.68% (3.6% APRC, 3.75% SVR), £0 product fee,

 

5 year fixed rate remortgage

[FO15474] 60% LTV, increasing by 14bps from 1.85% to 1.99% (3.2% APRC, 3.75% SVR), £995 product fee,

[FO15475] 60% LTV, increasing by 20bps from 2.07% to 2.27% (3.2% APRC, 3.75% SVR), £0 product fee,

[FO15476] 70% LTV, increasing by 20bps from 2.02% to 2.22% (3.3% APRC, 3.75% SVR), £995 product fee,

[FO15477] 70% LTV, increasing by 20bps from 2.19% to 2.39% (3.3% APRC, 3.75% SVR), £0 product fee,

[FO15478] 75% LTV, increasing by 20bps from 2.08% to 2.28% (3.3% APRC, 3.75% SVR), £995 product fee,

[FO15479] 75% LTV, increasing by 20bps from 2.23% to 2.43% (3.3% APRC, 3.75% SVR), £0 product fee,

[FO15480] 80% LTV, increasing by 20bps from 2.19% to 2.39% (3.4% APRC, 3.75% SVR), £995 product fee,

[FO15481] 80% LTV, increasing by 20bps from 2.39% to 2.59% (3.4% APRC, 3.75% SVR), £0 product fee,

[FO15482] 85% LTV, increasing by 20bps from 2.39% to 2.59% (3.4% APRC, 3.75% SVR), £995 product fee,

[FO15483] 85% LTV, increasing by 20bps from 2.53% to 2.73% (3.4% APRC, 3.75% SVR), £0 product fee,

[FO15484] 90% LTV, increasing by 20bps from 2.89% to 3.09% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15485] 90% LTV, increasing by 20bps from 3.14% to 3.34% (3.7% APRC, 3.75% SVR), £0 product fee,

 

Buy-to-let

 

RATE CHANGES

2 year fixed rate purchase

[FO15486] 70% LTV, increasing by 10bps from 1.98% to 2.08% (4.1% APRC, 4.25% SVR), £995 product fee

[FO15487] 70% LTV, increasing by 10bps from 2.38% to 2.48% (4.0% APRC, 4.25% SVR), £0 product fee

[FO15488] 75% LTV, increasing by 10bps from 1.98% to 2.08% (4.1% APRC, 4.25% SVR), £995 product fee

[FO15489] 75% LTV, increasing by 10bps from 2.69% to 2.79% (4.1% APRC, 4.25% SVR), £0 product fee

 

5 year fixed rate purchase

[FO15490] 60% LTV, increasing by 10bps from 2.33% to 2.43% (3.7% APRC, 4.25% SVR), £995 product fee

[FO15491] 60% LTV, increasing by 10bps from 2.63% to 2.73% (3.7% APRC, 4.25% SVR), £0 product fee

[FO15492] 70% LTV, increasing by 10bps from 2.73% to 2.83% (3.9% APRC, 4.25% SVR), £995 product fee

[FO15493] 75% LTV, increasing by 10bps from 2.88% to 2.98% (3.9% APRC, 4.25% SVR), £995 product fee

 

2 year fixed rate remortgage

[FO15494] 60% LTV, increasing by 10bps from 1.68% to 1.78% (4.0% APRC, 4.25% SVR), £995 product fee

[FO15495] 60% LTV, increasing by 10bps from 2.28% to 2.38% (4.0% APRC, 4.25% SVR), £0 product fee

[FO15496] 70% LTV, increasing by 10bps from 2.08% to 2.18% (4.1% APRC, 4.25% SVR), £995 product fee

[FO15497] 70% LTV, increasing by 10bps from 2.58% to 2.68% (4.1% APRC, 4.25% SVR), £0 product fee

[FO15498] 75% LTV, increasing by 10bps from 2.08% to 2.18% (4.1% APRC, 4.25% SVR), £995 product fee

[FO15499] 75% LTV, increasing by 10bps from 2.58% to 2.68% (4.1% APRC, 4.25% SVR), £0 product fee

 

5 year fixed rate remortgage

[FO15500] 60% LTV, increasing by 10bps from 2.28% to 2.38% (3.7% APRC, 4.25% SVR), £995 product fee

[FO15501] 60% LTV, increasing by 10bps from 2.64% to 2.74% (3.7% APRC, 4.25% SVR), £0 product fee

[FO15502] 70% LTV, increasing by 10bps from 2.80% to 2.90% (3.9% APRC, 4.25% SVR), £995 product fee

[FO15503] 70% LTV, increasing by 10bps from 3.08% to 3.18% (3.9% APRC, 4.25% SVR), £0 product fee

[FO15504] 75% LTV, increasing by 10bps from 2.80% to 2.90% (3.9% APRC, 4.25% SVR), £995 product fee

[FO15505] 75% LTV, increasing by 10bps from 3.09% to 3.19% (3.9% APRC, 4.25% SVR), £0 product fee

 

Cashback offers:

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

Offer can be changed/withdrawn at any time

Early repayment charges may apply

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

 

Overpayments:

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

 

Early repayment charges:

2 year fixed rate: 2% until 28 February 2019, 1% until 29 February 2020

5 year fixed rate: 5% until 28 February 2019, 4% until 29 February 2020, 3% until 28 February 2021, 2% until 28 February 2022, 1% until 28 February 2023

 

Minimum loan amounts:

£25,000

 

 

Transitional arrangements

You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on Monday 23 October 2017.

 

The supporting documentation for online applications on these products must be received in our Mortgage Centre in Birmingham by close of business on Thursday 2 November 2017.

 

Missing information process

Cases received before Tuesday 24 October 2017 with missing information will be identified by the Broker Support Team, who will contact the broker to obtain this.  If the missing information cannot be completed on the same day, the case will not qualify for the expired deal.

 

If you are unable to submit an application online due to a technical issue that cannot be resolved over the phone, then you must submit a paper-based application. The only other circumstance that we will accept a paper application is if you are a Countrywide member using the MTE to submit a porting case. In both instances, you must e-mail your BDM by midday on Tuesday 24 October 2017. Requests received after this time will not be considered.

 

Your email must include in bullet points:

 

·         Your details - name, company and postcode

·         Customer name

·         Product applying for

·         Amount of mortgage loan

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

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

 

Paper applications must be signed by all applicants and the original received at the following address by close of business on Thursday 26 October 2017 for your rate to be honoured:

 

NatWest Intermediary Solutions

Broker Support Team

1st Floor

6 Brindley Place

Birmingham

B1 2UU

 

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

 

Any cases submitted must have all supporting documentation by Thursday 2 November 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.

 

Rate changes to core and semi-exclusive ranges

Effective from Friday 6 October 2017

On Friday 6 October, we are introducing changes to our core and semi-exclusive ranges.

 

Core range

·         Rate increases of between 2-90bps across our 2 and 5 year fixed rate purchase and remortgage deals

·         Cash back reductions on several fixed rate purchase deals

·         Rate reduction of 10 bps on 5 year fixed rate, 60% LTV buy-to-let purchase deal

 

Semi-exclusives

·         New 5 year fixed rate purchase, 70% LTV £500 cashback deal

·         Withdrawal of four 2 year fixed rate purchase deals

·         Rate increases of between 10-30bps across our 2 and 5 year fixed rate purchase and remortgage deals

·         Rate reductions of between 4-10bpps on a number of our buy-to-let deals

 

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

 

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

 

CORE RANGE

Residential

 

RATE AND CASHBACK CHANGES

First-time buyer - 2 year fixed rate purchase

[FO15033] 80% LTV, increasing by 10bps from 2.31% to 2.41% (3.6% APRC, 3.75% SVR), £0 product fee, cashback reducing from £500 to £250

[FO15034] 85% LTV, 2.41% (3.6% APRC, 3.75% SVR), £0 product fee, cashback reducing from £500 to £250

[FO15035] 90% LTV, increasing by 2bps from 2.84% to 2.86% (3.7% APRC, 3.75% SVR), £995 product fee, cashback reducing from £500 to £250

 

First-time buyer - 5 year fixed rate purchase

[FO15036] 80% LTV, increasing by 6bps from 3.54% to 3.60% (3.8% APRC, 3.75% SVR), £0 product fee, cashback reducing from £500 to £250

[FO15037] 85% LTV, increasing by 6bps from 3.57% to 3.63% (3.8% APRC, 3.75% SVR), £0 product fee, cashback reducing from £500 to £250

[FO15039] 90% LTV, increasing by 4bps from 3.68% to 3.72% (3.7% APRC, 3.75% SVR), £995 product fee, cashback reducing from £500 to £250

 

Shared equity scheme - 5 year fixed rate purchase

[FO15042] 75% LTV, increasing by 10bps from 3.39% to 3.49% (3.7% APRC, 3.75% SVR), £0 product fee

 

Help to Buy: shared equity scheme - 5 year fixed rate purchase

[FO15045] 75% LTV, increasing by 10bps from 3.39% to 3.49% (3.7% APRC, 3.75% SVR), £0 product fee

 

2 year fixed rate purchase

[FO14976] 60% LTV, increasing by 16bps from 1.19% to 1.35% (3.5% APRC, 3.75% SVR), £995 product fee, cashback reducing from £350 to £250

[FO14980] 60% LTV, increasing by 10bps from 2.25% to 2.35% (3.6% APRC, 3.75% SVR), £0 product fee

[FO15164] 70% LTV, increasing by 8bps from 1.31% to 1.39% (3.5% APRC, 3.75% SVR), £995 product fee, cashback reducing from £350 to £250

[FO14982] 70% LTV, increasing by 10bps from 2.30% to 2.40% (3.6% APRC, 3.75% SVR), £0 product fee

[FO15162] 75% LTV, increasing by 14bps from 1.33% to 1.47% (3.5% APRC, 3.75% SVR), £995 product fee, cashback reducing from £350 to £250

[FO14986] 75% LTV, increasing by 10bps from 2.30% to 2.40% (3.6% APRC, 3.75% SVR), £0 product fee

[FO14988] 80% LTV, increasing by 8bps from 1.43% to 1.51% (3.5% APRC, 3.75% SVR), £995 product fee, cashback reducing from £350 to £250

[FO14990] 80% LTV, increasing by 10bps from 2.79% to 2.89% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15161] 85% LTV, increasing by 15bps from 1.50% to 1.65% (3.5% APRC, 3.75% SVR), £995 product fee, cashback reducing from £350 to £250

[FO14993] 85% LTV, increasing by 10bps from 2.88% to 2.98% (3.7% APRC, 3.75% SVR), £0 product fee

[FO14994] 90% LTV, increasing by 10bps from 2.41% to 2.51% (3.7% APRC, 3.75% SVR), £995 product fee

[FO15185] 90% LTV, increasing by 10bps from 3.20% to 3.30% (3.8% APRC, 3.75% SVR), £0 product fee

[FO14996] 95% LTV, increasing by 10bps from 3.95% to 4.05% (3.9% APRC, 3.75% SVR), £0 product fee

 

5 year fixed rate purchase

[FO14997] 60% LTV, increasing by 10bps from 1.73% to 1.83% (3.2% APRC, 3.75% SVR), £995 product fee, £250 cashback

[FO15165] 60% LTV, increasing by 10bps from 3.10% to 3.20% (3.6% APRC, 3.75% SVR), £0 product fee

[FO14999] 70% LTV, increasing by 7bps from 1.95% to 2.02% (3.2% APRC, 3.75% SVR), £995 product fee, cashback reducing from £500 to £250

[FO15000] 70% LTV, increasing by 10bps from 3.18% to 3.28% (3.6% APRC, 3.75% SVR), £0 product fee

[FO15160] 75% LTV, increasing by 7bps from 2.01% to 2.08% (3.2% APRC, 3.75% SVR), £995 product fee, cashback reducing from £500 to £250

[FO15002] 75% LTV, increasing by 10bps from 3.39% to 3.49% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15163] 80% LTV, increasing by 7bps from 2.14% to 2.21% (3.3% APRC, 3.75% SVR), £995 product fee, cashback reducing from £500 to £250

[FO15005] 80% LTV, increasing by 10bps from 3.55% to 3.65% (3.8% APRC, 3.75% SVR), £0 product fee

[FO15182] 85% LTV, increasing by 7bps from 2.40% to 2.47% (3.4% APRC, 3.75% SVR), £995 product fee, cashback reducing from £500 to £250

[FO15007] 85% LTV, increasing by 10bps from 3.58% to 3.68% (3.8% APRC, 3.75% SVR), £0 product fee

[FO15008] 90% LTV, increasing by 10bps from 2.81% to 2.91% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15009] 90% LTV, increasing by 10bps from 3.89% to 3.99% (3.9% APRC, 3.75% SVR), £0 product fee

[FO15010] 95% LTV, increasing by 10bps from 4.45% to 4.55% (4.2% APRC, 3.75% SVR), £0 product fee

 

5 year fixed rate remortgage

[FO15011] 60% LTV, increasing by 67bps from 1.92% to 2.59% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15012] 60% LTV, increasing by 50bps from 2.65% to 3.15% (3.6% APRC, 3.75% SVR), £0 product fee

[FO15013] 70% LTV, increasing by 63bps from 2.10% to 2.73% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15014] 70% LTV, increasing by 43bps from 2.75% to 3.18% (3.6% APRC, 3.75% SVR), £0 product fee

[FO15015] 75% LTV, increasing by 78bps from 2.10% to 2.88% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15017] 75% LTV, increasing by 64bps from 2.75% to 3.39% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15019] 80% LTV, increasing by 72bps from 2.27% to 2.98% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15021] 80% LTV, increasing by 70bps from 2.85% to 3.55% (3.8% APRC, 3.75% SVR), £0 product fee

[FO15023] 85% LTV, increasing by 90bps from 2.38% to 3.28% (3.7% APRC, 3.75% SVR), £995 product fee

[FO15024] 85% LTV, increasing by 64bps from 2.94% to 3.58% (3.7% APRC, 3.75% SVR), £0 product fee

[FO15025] 90% LTV, increasing by 40bps from 3.03% to 3.43% (3.8% APRC, 3.75% SVR), £995 product fee

[FO15026] 90% LTV, increasing by 59bps from 3.30% to 3.89% (3.9% APRC, 3.75% SVR), £0 product fee

 

Buy-to-let

RATE CHANGES

5 year fixed rate purchase

[FO15100] 60% LTV, decreasing by 9bps from 2.59% to 2.50% (3.8% APRC, 4.25% SVR), product fee £995

 

 

SEMI-EXCLUSIVE RANGE

Residential

 

WithdrawALS

2 year fixed rate purchase

[FO14716] 70% LTV, 1.24%, £995 product fee, £350 cashback

[FO14764]75% LTV, 1.24%, £995 product fee, £350 cashback

[FO14719]80% LTV, 1.34%, £995 product fee, £350 cashback

[FO14721]85% LTV, 1.45%, £995 product fee, £350 cashback

 

RATE CHANGES

First-time buyer 2 year fixed rate purchase - £750 cashback

[FO15094] 80% LTV, increasing by 30bps from 2.07% to 2.37% (3.6% APRC, 3.75% SVR), £0 product fee

[FO15095] 85% LTV, increasing by 30bps from 2.07% to 2.37% (3.6% APRC, 3.75% SVR), £0 product fee

[FO15096] 90% LTV, increasing by 10bps from 2.69% to 2.79% (3.4% APRC, 3.75% SVR), £0 product fee

 

First-time buyer 5 year fixed rate purchase - £750 cashback

[FO15097] 80% LTV, increasing by 10bps from 2.40% to 2.50% (3.3% APRC, 3.75% SVR), £0 product fee

[FO15098] 85% LTV, increasing by 10bps from 2.52% to 2.62% (3.4% APRC, 3.75% SVR), £0 product fee

[FO15099] 90% LTV, increasing by 10bps from 3.08% to 3.18% (3.6% APRC, 3.75% SVR), £0 product fee

 

2 year fixed rate purchase

[FO15047] 60% LTV, increasing by 15bps from 1.78% to 1.93% (3.5% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15048] 70% LTV, increasing by 14bps from 1.81% to 1.95% (3.5% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15049] 75% LTV, increasing by 15bps from 1.81% to 1.96% (3.5% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15050] 80% LTV, increasing by 26bps from 2.11% to 2.37% (3.5% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15051] 85% LTV, increasing by 26bps from 2.11% to 2.37% (3.5% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15052] 90% LTV, increasing by 10bps from 1.91% to 2.01% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15053] 90% LTV, increasing by 10bps from 2.78% to 2.88% (3.7% APRC, 3.75% SVR), £0 product fee, £500 cashback

 

5 year fixed rate purchase

[FO15055] 60% LTV, increasing by 10bps from 1.73% to 1.83% (3.8% APRC, 3.75% SVR), £995 product fee, £350 cashback

[FO15056] 60% LTV, increasing by 14bps from 2.09% to 2.19% (3.2% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15060] 70% LTV, increasing by 10bps from 2.18% to 2.28% (3.2% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15061] 75% LTV, increasing by 10bps from 1.95% to 2.05% (3.2% APRC, 3.75% SVR), £995 product fee, £500 cashback

[FO15063] 75% LTV, increasing by 10bps from 2.36% to 2.46% (3.3% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15064] 80% LTV, increasing by 10bps from 2.12% to 2.22% (3.3% APRC, 3.75% SVR), £995 product fee, £500 cashback

[FO15065] 80% LTV, increasing by 10bps from 2.40% to 2.50% (3.3% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15066] 85% LTV, increasing by 10bps from 2.29% to 2.39% (3.4% APRC, 3.75% SVR), £995 product fee, £500 cashback

[FO15067] 85% LTV, increasing by 10bps from 2.55% to 2.65% (3.4% APRC, 3.75% SVR), £0 product fee, £500 cashback

[FO15068] 90% LTV, increasing by 10bps from 2.74% to 2.84% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15069] 90% LTV, increasing by 10bps from 3.08% to 3.18% (3.6% APRC, 3.75% SVR), £0 product fee, £500 cashback

 

2 year fixed rate remortgage

[FO15070] 60% LTV, increasing by 15bps from 1.15% to 1.30% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15071] 60% LTV, increasing by 24bps from 1.53% to 1.77% (3.5% APRC, 3.75% SVR), £0 product fee

[FO15072] 70% LTV, increasing by 15bps from 1.28% to 1.43% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15073] 70% LTV, increasing by 15bps from 1.62% to 1.77% (3.5% APRC, 3.75% SVR), £0 product fee

[FO15704] 75% LTV, increasing by 17bps from 1.28% to 1.45% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15075] 75% LTV, increasing by 17bps from 1.62% to 1.79% (3.5% APRC, 3.75% SVR), £0 product fee

[FO15076] 80% LTV, increasing by 15bps from 1.38% to 1.53% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15077] 80% LTV, increasing by 10bps from 1.84% to 1.94% (3.5% APRC, 3.75% SVR), £0 product fee

[FO15078] 85% LTV, increasing by 20bps from 1.45% to 1.65% (3.5% APRC, 3.75% SVR), £995 product fee

[FO15079] 85% LTV, increasing by 10bps from 1.93% to 2.03% (3.5% APRC, 3.75% SVR), £0 product fee

[FO15080] 90% LTV, increasing by 10bps from 2.09% to 2.19% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15081] 90% LTV, increasing by 10bps from 2.38% to 2.48% (3.6% APRC, 3.75% SVR), £0 product fee

 

5 year fixed rate remortgage

[FO15082] 60% LTV, increasing by 10bps from 1.75% to 1.85% (3.2% APRC, 3.75% SVR), £995 product fee

[FO15083] 60% LTV, increasing by 10bps from 1.97% to 2.07% (3.2% APRC, 3.75% SVR), £0 product fee

[FO15084] 70% LTV, increasing by 10bps from 1.92% to 2.02% (3.2% APRC, 3.75% SVR), £995 product fee

[FO15085] 70% LTV, increasing by 10bps from 2.09% to 2.19% (3.2% APRC, 3.75% SVR), £0 product fee

[FO15086] 75% LTV, increasing by 10bps from 1.98% to 2.08% (3.2% APRC, 3.75% SVR), £995 product fee

[FO15087] 75% LTV, increasing by 10bps from 2.13% to 2.23% (3.2% APRC, 3.75% SVR), £0 product fee

[FO15088] 80% LTV, increasing by 10bps from 2.09% to 2.19% (3.3% APRC, 3.75% SVR), £995 product fee

[FO15089] 80% LTV, increasing by 10bps from 2.29% to 2.39% (3.3% APRC, 3.75% SVR), £0 product fee

[FO15090] 85% LTV, increasing by 10bps from 2.29% to 2.39% (3.4% APRC, 3.75% SVR), £995 product fee

[FO15091] 85% LTV, increasing by 10bps from 2.43% to 2.53% (3.3% APRC, 3.75% SVR), £0 product fee

[FO15092] 90% LTV, increasing by 10bps from 2.79% to 2.89% (3.6% APRC, 3.75% SVR), £995 product fee

[FO15093] 90% LTV, increasing by 10bps from 3.04% to 3.14% (3.6% APRC, 3.75% SVR), £0 product fee

 

Buy-to-let

 

RATE CHANGES

 

5 year fixed rate purchase

[FO15101] 60% LTV, decreasing by 10bps from 2.43% to 2.33% (3.7% APRC, 4.25% SVR), £995 product fee

[FO15102] 70% LTV, decreasing by 10bps from 2.83% to 2.73% (3.8% APRC, 4.25% SVR), £995 product fee

[FO15103] 75% LTV, decreasing by 4bps from 2.92% to 2.88% (3.9% APRC, 4.25% SVR), £995 product fee

 

5 year fixed rate remortgage

[FO15104] 60% LTV, decreasing by 10bps from 2.38% to 2.28% (3.8% APRC, 4.25% SVR), £995 product fee

[FO15105] 60% LTV, decreasing by 4bps from 2.68% to 2.64% (3.7% APRC, 4.25% SVR), £0 product fee

[FO15106] 70% LTV, decreasing by 9bps from 2.89% to 2.80% (3.7% APRC, 4.25% SVR), £995 product fee

[FO15107] 70% LTV, decreasing by 10bps from 3.18% to 3.08% (3.9% APRC, 4.25% SVR), £0 product fee

[FO15108] 75% LTV, decreasing by 9bps from 2.89% to 2.80% (3.9% APRC, 4.25% SVR), £995 product fee

[FO15109] 75% LTV, decreasing by 9bps from 3.18% to 3.09% (3.9% APRC, 4.25% SVR), £0 product fee

 

Cashback offers:

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

Offer can be changed/withdrawn at any time

Early repayment charges may apply

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

Overpayments:

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

Early repayment charges:

2 year fixed rate: 2% until 28 February 2019, 1% until 29 February 2020

5 year fixed rate: 5% until 28 February 2019, 4% until 29 February 2020, 3% until 28 February 2021, 2% until 28 February 2022, 1% until 28 February 2023

Minimum loan amounts:

£25,000

 

 

Transitional arrangements

 

You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm on Thursday 5 October 2017.

 

The supporting documentation for online applications on these products must be received in our Mortgage Centre in Birmingham by close of business on Thursday 19 October 2017.

 

Missing information process

 

Cases received before Friday 6 October 2017 with missing information will be identified by the Broker Support Team, who will contact the broker to obtain this.  If the missing information cannot be completed on the same day, the case will not qualify for the expired deal.

 

If you are unable to submit an application online due to a technical issue that cannot be resolved over the phone, then you must submit a paper-based application. The only other circumstance that we will accept a paper application is if you are a Countrywide member using the MTE to submit a porting case. In both instances, you must e-mail your BDM by midday on Friday 6 October 2017. Requests received after this time will not be considered.

 

Your email must include in bullet points:

 

·         Your details - name, company and postcode

·         Customer name

·         Product applying for

·         Amount of mortgage loan

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

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

 

Paper applications must be signed by all applicants and the original received at the following address by close of business on Tuesday 10 October 2017 for your rate to be honoured:

 

NatWest Intermediary Solutions

Broker Support Team

1st Floor

6 Brindley Place

Birmingham

B1 2UU

 

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

 

Any cases submitted must have all supporting documentation by Thursday 19 October 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.

 

Broker guides updated

Friday 29 September 2017

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

 

Buy-to-let guide - summarises our revised approach to assessing a buy-to-let mortgage application and our updated lending criteria. It also provides you with a ready reckoner to help you work out the rental income needed using our new Interest Covergae Ratio (ICR) of 5.5% x 135%.

 

Guide to self-employed mortgages - summarises our approach to assessing the affordability of customers who are self-employed, including high earning contractors.

 

Packaging requirements - provides a guide to all the supporting documentation you need to submit in support of an application for residential and buy-to-let business, for employed and self-employed customers.

 

Residential lending guide - a comprehensive summary of our lending policy, criteria and application process that covers sectors such as New Build, help to Buy and high LTV mortgages.

 

A switch in time - illustrates the savings customers can make by switching from an SVR to one of our 2 year fixed rate deals. There are three versions that focus on mortgage loans of £150,000, £250,000 and £400,000.

 

Acceptable income types - outlines the types of main, addtional and benefit income we will consider when assessing a customer's affordability. It also includes a list of the types of income that we cannot consider.

New ICR for buy-to-let business to be introduced from Friday 29 September

Thursday 28 September 2017

We will be implementing the new PRA requirements for buy-to-let business from Friday 29 September. At the same time, we will introduce a revised Interest Coverage Ratio (ICR) calculation of 5.5% x 135%, reduced from 5.5% x 145%. We also plan to further enhance our buy-to-let proposition in Q4 that includes increasing the maximum number of rented properties a customer can own from 4 to 10.

 

The changes being introduced from 29 September are:

 

·         New, improved buy-to-let calculator hosted on this website which will make it easier for brokers to assess customers’ affordability.

·         Revised Interest Coverage Ratio (ICR) calculation of 5.5% x 135%, reduced from 5.5% x 145%. We will continue to top-slice if there is a rental shortfall, taking into account any free personal income the applicant may have. In all cases expected rent must continue to meet a minimum rental cover calculation of 5.5% x 125%.

·         Redefining the maximum number of properties an applicant can own from ‘mortgaged’ to ‘rented’; the maximum number remains at 4.

·         New valuation service to assess rental demand and rental income for all other properties being let, with the results used to validate customer affordability.

·         To ensure customers can afford all existing mortgage commitments additional information will be required on their other properties (residential and buy-to-let) to enable a full affordability assessment to be made.

·         For portfolio landlord applications, additional information will be asked for in relation to landlords’ experience, use of letting agents and future plans to expand or reduce their portfolio.

 

The changes being made in Q4 are:

 

·         Increasing the maximum number of rented properties a landlord customer can own from 4 to 10. The total will include unencumbered properties and properties mortgaged with another lender.

·         The maximum aggregate customer borrowing allowed will be increased from £2m to £3.5m.

·         The current £50,000 minimum income for aggregated borrowing over £1m will be removed. All customers will be required to meet the standard buy-to-let minimum income of £25,000.

Update on NatWest’s implementation of PRA requirements for buy-to-let mortgages

Thursday 7 September 2017

In preparation for the changes we are introducing to our buy-to-let proposition, we will be updating the systems that host our application forms on both our web site and the MTE on Thursday 7 September to include a number of new questions that will need to be completed. This will mean that:

 

·         for all applicants, you will need to individually provide details of each property a customer owns

·         for portfolio landlords (those owning four or more properties), additional information about their existing buy-to-let and rented properties, their landlord experience, use of letting agents and future portfolio plans

 

These new questions are mandatory and MUST be completed to progress the application. However, until we launch our new buy-to-let calculator, this information will not be taken into account when assessing an application.

 

We will be introducing our new buy-to-let calculator and revised Interest Coverage Ratio of 5.5% x 135% along with a number of other changes (see below) on Friday 29 September.  Until these changes are introduced, the current criteria will continue to be used to assess each application.

 

Here’s a summary of the changes being introduced on Friday 29 September:

 

  • New and improved buy-to-let calculator hosted on our website which will make it easier for you to assess customers’ affordability.
  • To ensure customers can afford all existing mortgage commitments we will require additional information on their other properties (residential and buy-to-let) to enable a full affordability assessment.
  • Revised Interest Coverage Ratio (ICR) calculation of 5.5% x 135%, reduced from 5.5% x 145%. We will continue to top-slice if there is a rental shortfall, taking into account any free personal income the applicant may have. In all cases, expected rent must continue to meet a minimum rental cover calculation of 5.5% x 125%.
  • Redefining the maximum number of properties an applicant can own from ‘mortgaged’ to ‘rented’ but the maximum number remains at 4.
  • New valuation service to assess rental demand and rental income for all other properties being let, with the results used to validate customer affordability.

 

We will also introduce several other enhancements to our buy-to-let proposition in Q4 that include:

 

  • Increasing the total number of rented properties a landlord customer can own from 4 to 10. The total will include unencumbered properties and properties mortgaged with another lender.
  • Increasing the maximum aggregate customer borrowing allowed from £2m to £3.5m.
  • The current £50,000 minimum income for aggregated borrowing over £1m will be removed. All customers will be required to meet our standard buy-to-let minimum income of £25,000.

 

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

Rate changes to core and semi-exclusive ranges

Effective from Friday 11 August 2017

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

 

Core

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

 

Semi-exclusives

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

 

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

 

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

 

CORE RANGE

 

Residential

RATE AND CASHBACK CHANGES

 

2 year fixed rate purchase

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

 

5 year fixed rate purchase

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

 

Buy-to-let

RATE AND PRODUCT FEE CHANGES

 

2 year fixed rate purchase

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

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

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

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

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

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

 

5 year fixed rate purchase

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

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

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

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

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

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

 

5 year fixed rate remortgage

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

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

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

 

SEMI-EXCLUSIVE RANGE

 

Residential

 

NEW

First-time buyer 2 year fixed rate purchase

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

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

 

2 year fixed rate purchase

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

 

5 year fixed rate purchase

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

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

 

5 year fixed rate remortgage

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

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

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

 

RATE AND CASHBACK CHANGES

First-time buyer 5 year fixed rate purchase

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

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

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

 

2 year fixed rate purchase

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

 

5 year fixed rate purchase

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

 

2 year fixed rate remortgage

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

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

 

 

Buy-to-let

 

NEW

5 year fixed rate purchase

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

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

 

5 year fixed rate remortgage

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

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

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

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

 

WITHDRAWALS

2 year fixed rate purchase

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

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

 

RATE AND PRODUCT FEE CHANGES

 

2 year fixed rate purchase

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

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

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

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

 

5 year fixed rate purchase

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

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

 

2 year fixed rate remortgage

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

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

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

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

 

5 year fixed rate remortgage

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

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

 

Cashback offers:

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

Offer can be changed/withdrawn at any time

Early repayment charges may apply

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

 

Overpayments:

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

 

Early repayment charges:

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

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

 

Minimum loan amounts:

£25,000

 

Transitional arrangements

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

 

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

 

Missing information process

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

 

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

 

Your email must include in bullet points:

·         Your details - name, company and postcode

·         Customer name

·         Product applying for

·         Amount of mortgage loan

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

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

 

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

 

NatWest Intermediary Solutions

Broker Support Team

1st Floor

6 Brindley Place

Birmingham

B1 2UU

 

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

 

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

 

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

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

Wednesday 9 August 2017

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

 

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

 

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

 

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

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

 

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

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

 

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

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

Effective from Monday 7 August 2017

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

 

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

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

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

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

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

·        the tax position is paid and up to date.

 

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

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

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

o   Single applicant owning 100% of the company

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

o   Joint application where the company is jointly owned

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

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

o   Car/finance loans

o   Extended travel and accommodation costs

o   Training courses

o   Professional indemnity insurance

o   Partner/spouse/employee salaries

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

Mark Bullard and Tom Southwell win at British Mortgage Awards 2017

Friday 7 July 2017

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

 

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

·     Tom Southwell won the Telephone Relationship Manager Award

 

In addition:

 

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

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

 

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

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

Rate changes to core and semi-exclusive ranges

Effective from Friday 7 July 2017

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

 

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

 

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

 

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

 

CORE RANGE

Residential

 

RATE AND CASHBACK CHANGES

First-time buyer 2 year fixed rate purchase

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

 

2 year fixed rate purchase

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

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

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

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

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

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

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

 

5 year fixed rate purchase

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

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

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

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

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

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

 

5 year fixed rate remortgage

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

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

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

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

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

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

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

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

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

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

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

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

 

SEMI-EXCLUSIVE RANGE

Residential 

 

 

WITHDRAWALS

2 year fixed rate purchase

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

 

5 year fixed rate purchase

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

 

NEW

First-time buyer 2 year fixed rate purchase

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

 

2 year fixed rate purchase

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

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

 

5 year fixed rate purchase

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

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

 

RATE AND CASHBACK CHANGES

First-time buyer 2 year fixed rate purchase

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

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

 

First-time buyer 5 year fixed rate purchase

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

 

2 year fixed rate purchase

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

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

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

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

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

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

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

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

 

5 year fixed rate purchase

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

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

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

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

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

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

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

 

2 year fixed rate remortgage

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

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

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

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

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

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

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

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

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

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

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

 

5 year fixed rate remortgage

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

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

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

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

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

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

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

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

 

Cashback offers:

Offer can be changed/withdrawn at any time

Early repayment charges may apply

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

 

Overpayments:

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

 

Early repayment charges:

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

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

 

Minimum loan amounts:

£25,000

 

 

Transitional arrangements

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

 

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

 

Missing information process

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

 

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

 

Your email must include in bullet points:

 

·         Your details - name, company and postcode

·         Customer name

·         Product applying for

·         Amount of mortgage loan

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

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

 

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

 

NatWest Intermediary Solutions

Broker Support Team

1st Floor

6 Brindley Place

Birmingham

B1 2UU

 

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

 

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

 

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

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

Tuesday 4 July 2017

 

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

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

Friday 30 June 2017

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

 

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

 

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

Wednesday 28 June 2017

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

 

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

Friday 23 June 2017

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

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

Friday 9 June 2017

 

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

NEW Packaging Requirements check list now available

Friday 9 June 2017

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

 

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

NatWest wins Best Bank Mortgage Provider at Moneyfacts Awards 2017

Wednesday 7 June 2017

 

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

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

 

Product extension due to Equifax outage (now resolved)

Monday 22 May 2017

 

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

 

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

 

Rate changes to core and semi-exclusive ranges

Effective from Tuesday 23 May 2017

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

 

CORE RANGE

 

Residential

 

2 year fixed rate purchase

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

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

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

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

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

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

 

5 year fixed rate purchase

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

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

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

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

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

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

 

SEMI-EXCLUSIVE RANGE

 

Residential

 

2 year fixed rate purchase

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

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

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

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

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

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

 

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

 

5 year fixed rate purchase

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

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

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

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

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

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

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

 

2 year fixed rate remortgage

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

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

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

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

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

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

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

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

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

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

 

5 year fixed rate remortgage

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

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

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

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

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

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

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

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

 

Overpayments:

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

 

Early repayment charges:

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

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

 

Minimum loan amounts:

£25,000

 

Transitional arrangements

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

 

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

 

Missing information process

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

 

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

 

Your email must include in bullet points:

 

·         Your details - name, company and postcode

·         Customer name

·         Product applying for

·         Amount of mortgage loan

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

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

 

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

 

NatWest Intermediary Solutions

Broker Support Team

1st Floor

6 Brindley Place

Birmingham

B1 2UU

 

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

 

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

 

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

 

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

Effective from Friday 12 May

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

 

Interest Only minimum income

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

 

New Build houses maximum LTV

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

 

Loan to income maximums

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

NatWest Intermediary Solutions wins more industry awards

Friday 5 May

Just Mortgages 2016 Awards

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

 

MAB 2017 Awards

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

Rate changes to core and semi-exclusive ranges

Effective from Wednesday 3 May 2017

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

 

CORE RANGE

 

Residential

 

RATE CHANGE:  2 year fixed rate purchase

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

 

RATE CHANGE:  5 year fixed rate purchase

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

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

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

 

Buy-to-let

 

RATE CHANGE:  2 year fixed rate purchase

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

 

SEMI-EXCLUSIVE RANGE

 

Residential

 

RATE CHANGE: 5 year fixed rate purchase

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

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

 

Buy-to-let

 

RATE CHANGE: 2 year fixed rate purchase

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

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

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

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

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

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

 

RATE CHANGE: 5 year fixed rate purchase

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

 

RATE CHANGE: 2 year tracker purchase

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

 

RATE CHANGE: 2 year fixed rate remortgage

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

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

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

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

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

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

 

RATE CHANGE: 5 year fixed rate remortgage

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

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

 

RATE CHANGE: 2 year tracker remortgage

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

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

 

Overpayments:

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

 

Early repayment charges:

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

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

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

 

Minimum loan amounts:

£25,000

 

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

 

Transitional Arrangements

 

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

 

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

 

Missing Information Process

 

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

 

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

 

Your email must include in bullet point:

 

Your details (name, company and postcode)

Client name

Product to choose

Amount looking to borrow

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

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

 

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

 

NatWest Intermediary Solutions

Broker Support Team

1st Floor

6 Brindley Place

Birmingham

B1 2UU

 

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

 

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

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

NatWest Intermediary Solutions launches in Northern Ireland

Friday 7 April

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

 

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

 

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

Valuation notifications to be sent to brokers

Monday 20 March

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

 

Brokers will receive notification of:

 

•         the date the  valuation has been booked

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

 

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

End dates change

Effective from Friday 17 March

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

 

2 year deals: 31 August 2019

5 year deals: 31 August 2022

 

Transitional Arrangements

 

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

 

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

 

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

 

Missing Information Process

 

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

 

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

 

Your email must include in bullet point:

 

Your details (name, company and postcode)

Client name

Product to choose

Amount looking to borrow

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

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

 

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

 

NatWest Intermediary Solutions

Broker Support Team

1st Floor

6 Brindley Place

Birmingham

B1 2 UU

 

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

 

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

NatWest Intermediary Solutions to launch in Northern Ireland

Thursday 9 March

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

 

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

 

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

 

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

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

Tuesday 7 March

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

 

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

 

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

LiveTALK - Change to Wednesday opening hours

Effective from Wednesday 22 February

 

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

Changes to core and semi-exclusive ranges

Effective from Tuesday 21 February

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

 

  • Core range: We are withdrawing our 3 year fixed rate mortgages and making changes to the rates on some 2 & 5 year fixed rate purchase and remortgage deals.
  • Semi-exclusive range: We are making minor rate changes to a selection of 2 and 5 year fixed rate residential deals and withdrawing some 2 & 5 year fixed rate deals and two first-time buyer products.

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

CORE RANGE

 

Residential

 

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

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

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

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

     

    RATE CHANGE: 2 year fixed rate purchase

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

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

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

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

     

    RATE CHANGE: 5 year fixed rate purchase

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

     

    RATE CHANGE: 2 year fixed rate remortgage

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

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

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

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

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

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

     

    RATE CHANGE: 5 year fixed rate remortgage

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

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

     

    SEMI-EXCLUSIVE RANGE

     

    Residential

     

    WITHDRAWAL: 2 year fixed rate purchase

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

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

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

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

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

     

    WITHDRAWAL: 5 year fixed rate purchase

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

     

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

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

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

     

    RATE CHANGE: 2 year fixed rate purchase

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

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

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

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

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

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

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

     

    RATE CHANGE: 5 year fixed rate purchase

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

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

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

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

     

    RATE CHANGE: 2 year fixed rate remortgage

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

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

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

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

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

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

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

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

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

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

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

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

     

    RATE CHANGE: 5 year fixed rate remortgage

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

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

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

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

     

    Overpayments:

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

     

    Early repayment charges:

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

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

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

     

    Minimum loan amounts:

    £25,000

     

    For a complete listing of all our mortgage products, please visit theproduct 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 ourLiveTALKteam 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 theForms and guidespage 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.

    2016

    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 ourLiveTALKteam 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

    12 Decemer 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

    25 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

    22 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.

     

    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

    3 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.

     

    Product changes 

    Effective from Wednesday 1 June 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% 3 Yr Fixed, £995 fee, Rate Decreasing to 1.94% from 2.03% Purchase
    • 70% 3 Yr Fixed, £995 fee, Rate Decreasing to 2.04% from 2.17% Purchase
    • 60% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.25% from 2.53% Purchase
    • 70% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.53% from 2.73% Purchase
    • 75% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.63% from 2.88% Purchase
    • 80% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.74% from 2.98% Purchase
    • 85% 5 Yr Fixed, £995 fee, Rate Decreasing to 3.00% from 3.28% Purchase
    • 60% 3 Yr Fixed, £995 fee, Rate Decreasing to 1.99% from 2.03% Remortgage
    • 70% 3 Yr Fixed, £995 fee, Rate Decreasing to 2.09% from 2.17% Remortgage

    Rates Decreasing

    • 90% 2 Yr Fixed, £995 fee, Rate Increasing to 2.60% from 2.50% Purchase
    • 90% 2 Yr Fixed, £995 fee, Rate Increasing to 2.60% from 2.50% Remortgage

    First Time Buyer

     

    Rates Increasing

    • 90% 5 Yr Fixed, £0 fee, Rate Increasing to 3.65% from 3.60% FTB Exclusive Purchase

    Help to Buy: Mortgage Guarantee Scheme 

     

    Rates Increasing

    • 95% 2 Yr Fixed, £0 fee, Rate Increasing to 3.99% from 3.79% Purchase
    • 95% 5 Yr Fixed, £0 fee, Rate Increasing to 4.69% from 4.61% Purchase

    BTL Range - Changes apply to purchase and remortgage products if not stated

     

    Withdrawn

    • 60% 3 Yr Fixed, £1,995 fee 2.72% rate BTL
    • 60% 3 Yr Fixed, £0 fee 3.64% rate BTL
    • 70% 3 Yr Fixed, £0 fee 4.19% rate BTL
    • 70% 3 Yr Fixed, £1,995 fee 3.22% rate BTL
    • 75% 3 Yr Fixed, £0 fee 4.45% rate BTL
    • 75% 3 Yr Fixed, £1,995 fee 3.32% rate BTL

    Exclusive

     

    Rates Decreasing

    • • 60% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.38% from 1.43% Purchase
    • • 70% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.58% from 1.59% Purchase
    • • 75% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.58% from 1.73% Purchase
    • • 80% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.63% from 1.79% Purchase
    • • 85% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.78% from 1.94% Purchase
    • 60% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.18% from 2.23% Purchase
    • 75% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.50% from 2.60% Purchase
    • 80% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.59% from 2.73% Purchase
    • 85% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.93% from 3.08% Purchase
    • 70% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.64% from 1.72% Remortgage
    • 75% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.69% from 1.77% Remortgage
    • 85% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.93% from 2.02% Remortgage
    • 60% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.24% from 2.29% Remortgage
    • 75% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.53% from 2.65% Remortgage
    • 80% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.68% from 2.79% Remortgage
    • 85% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.98% from 3.09% Remortgage
    • 60% 2 Yr Tracker, £995 fee, Rate Decreasing to 1.38% from 1.39% Remortgage

    Rates Increasing

    • 90% 2 Yr Fixed, £0 fee, Rate Increasing to 2.84% from 2.74% Purchase
    • 60% 5 Yr Fixed, £0 fee, Rate Increasing to 2.98% from 2.93% Purchase
    • 70% 5 Yr Fixed, £0 fee, Rate Increasing to 2.98% from 2.93% Purchase
    • 90% 5 Yr Fixed, £995 fee, Rate Increasing to 3.33% from 3.28% Purchase
    • 60% 2 Yr Tracker, £995 fee, Rate Increasing to 1.29% from 1.28% Purchase
    • 90% 2 Yr Fixed, £995 fee, Rate Increasing to 2.50% from 2.35% Remortgage
    • 90% 2 Yr Fixed, £0 fee, Rate Increasing to 2.89% from 2.80% Remortgage
    • 90% 5 Yr Fixed, £995 fee, Rate Increasing to 3.39% from 3.29% Remortgage

    Withdrawn

    • 60% 2 Yr Fixed, £0 fee 2.42% rate Purchase
    • 70% 2 Yr Fixed, £0 fee 2.42% rate Purchase
    • 80% 2 Yr Fixed, £0 fee 2.67% rate Purchase
    • 60% 2 Yr Tracker, £0 fee 2.33% rate Purchase
    • 70% 2 Yr Tracker, £995 fee 1.66% rate Purchase
    • 70% 2 Yr Tracker, £0 fee 2.33% rate Purchase
    • 75% 2 Yr Tracker, £0 fee 2.33% rate Purchase
    • 75% 2 Yr Tracker, £995 fee 1.74% rate Purchase
    • 85% 2 Yr Fixed, £0 fee 2.80% rate Remortgage
    • 60% 5 Yr Fixed, £0 fee 2.98% rate Remortgage
    • 70% 5 Yr Fixed, £0 fee 2.98% rate Remortgage
    • 80% 5 Yr Fixed, £0 fee 3.42% rate Remortgage
    • 90% 5 Yr Fixed, £0 fee 3.79% rate Remortgage
    • 60% 2 Yr Tracker, £0 fee 2.33% rate Remortgage
    • 70% 2 Yr Tracker, £995 fee 1.69% rate Remortgage
    • 70% 2 Yr Tracker, £0 fee 2.33% rate Remortgage
    • 75% 2 Yr Tracker, £995 fee 1.74% rate Remortgage
    • 75% 2 Yr Tracker, £0 fee 2.33% rate Remortgage

    BTL Exclusive

     

    New Products

    • 75% 2 Yr Fixed, £0 fee 3.37% rate BTL Purchase
    • 75% 2 Yr Fixed, £995 fee 2.59% rate BTL Purchase
    • 70% 2 Yr Tracker, £995 fee 2.45% rate BTL Purchase
    • 75% 2 Yr Tracker, £995 fee 2.55% rate BTL Purchase

    Rates Decreasing

    • 60% 2 Yr Fixed, £0 fee, Rate Decreasing to 2.73% from 3.07% BTL Purchase
    • 70% 2 Yr Fixed, £0 fee, Rate Decreasing to 3.25% from 3.65% BTL Purchase
    • 60% 5 Yr Fixed, £1,995 fee, Rate Decreasing to 2.99% from 3.18% BTL Purchase
    • 70% 5 Yr Fixed, £1,995 fee, Rate Decreasing to 3.29% from 3.63% BTL Purchase
    • 60% 2 Yr Fixed, £0 fee, Rate Decreasing to 2.87% from 3.07% BTL Remortgage
    • 70% 2 Yr Fixed, £0 fee, Rate Decreasing to 3.38% from 3.58% BTL Remortgage
    • 75% 2 Yr Fixed, £0 fee, Rate Decreasing to 3.39% from 3.69% BTL Remortgage
    • 60% 5 Yr Fixed, £1,995 fee, Rate Decreasing to 3.00% from 3.18% BTL Remortgage
    • 70% 5 Yr Fixed, £1,995 fee, Rate Decreasing to 3.44% from 3.63% BTL Remortgage

    Rates Increasing and Fee Change

    • 60% 2 Yr Fixed, Rate Increasing to 2.10% from 2.02% and Fee Decreasing to £995 from £1,995 BTL Purchase
    • 70% 2 Yr Fixed, Rate Increasing to 2.47% from 2.19% and Fee Decreasing to £995 from £1,995 BTL Purchase
    • 60% 2 Yr Tracker, Rate Increasing to 2.06% from 1.80% and Fee Decreasing to £995 from £1,995 BTL Purchase
    • 60% 2 Yr Fixed, Rate Increasing to 2.28% from 2.05% and Fee Decreasing to £995 from £1,995 BTL Remortgage
    • 70% 2 Yr Fixed, Rate Increasing to 2.57% from 2.29% and Fee Decreasing to £995 from £1,995 BTL Remortgage
    • 75% 2 Yr Fixed, Rate Increasing to 2.74% from 2.54% and Fee Decreasing to £995 from £1,995 BTL Remortgage
    • 60% 2 Yr Tracker, Rate Increasing to 2.21% from 1.77% and Fee Decreasing to £995 from £1,995 BTL Remortgage
    • 70% 2 Yr Tracker, Rate Increasing to 2.59% from 2.25% and Fee Decreasing to £995 from £1,995 BTL Remortgage
    • 75% 2 Yr Tracker, Rate Increasing to 2.63% from 2.29% and Fee Decreasing to £995 from £1,995 BTL Remortgage

    Withdrawn

    • 70% 5 Yr Fixed, £0 fee 4.44% rate BTL Purchase
    • 60% 5 Yr Fixed, £0 fee 3.79% rate BTL Remortgage
    • 70% 5 Yr Fixed, £0 fee 4.44% rate BTL Remortgage
    • 75% 5 Yr Fixed, £0 fee 4.58% rate BTL Remortgage

    First Time Buyer Exclusive

     

    Rates Increasing

    • 90% 2 Yr Fixed, £0 fee, Rate Increasing to 2.81% from 2.69% FTB Exclusive Purchase

    Corporate Exclusive

     

    Withdrawn

    • 85% 2 Yr Fixed, £599 fee 2.07% rate Purchase
    • 90% 2 Yr Fixed, £599 fee 2.47% rate Purchase
    • 60% 2 Yr Fixed, £995 fee 1.53% rate Remortgage
    • 75% 2 Yr Fixed, £995 fee 1.73% rate Remortgage

    BTL Corporate Exclusive

     

    Withdrawn

    • 75% 2 Yr Fixed, £995 fee 2.80% rate BTL Purchase
    • 75% 2 Yr Fixed, £995 fee 2.94% rate BTL Remortgage

    First Time Buyer Corporate Exclusive

     

    Withdrawn

    • 90% 2 Yr Fixed, £0 fee 2.63% 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 on 31st May 2016.

    The supporting documentation for online applications on these products must be received in our Mortgage Centre in Birmingham by close of business on14th June 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 1st June 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 1st June 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 3rd June 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 14th June 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 pa 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 £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.

    We 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: accountants' certificates will no longer be accepted.

     

    OTHER CONSIDERATIONS

    Is there 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 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 give us a call.

    NatWest to introduce emailing of offers

    18 May 2016

    From Wednesday 18 May, NatWest Intermediary Solutions will commence emailing mortgage offers to brokers for all residential and buy-to-let purchase mortgages and remortgages.

     

    It will mean that brokers will get the offers 2-3 days earlier than they currently do, enabling them to provide a better service to their customers. Customers and solicitors will still receive their copies of an offer through the post.

    NatWest to cease offering mortgages to expats

    5 May 2016

    From Thursday 19 May, NatWest and the Royal Bank of Scotland will no longer offer mortgages to expats, including applications from existing expat customers wanting to request additional borrowing or a facility increase.

     

    From 19 May onwards, applicants must be resident in the UK to be eligible for a mortgage with NatWest and the Royal Bank of Scotland.

     

    Applications will still be considered from serving members of HM Armed Forces, UK Diplomats or UK Consular staff, following standard residential mortgage criteria. HM Armed Forces consist of the Royal Navy, Royal Marines, British Army and Royal Air Force.

     

    A two-week transition period has been put in place from today, Thursday 5 May, until close of business on Wednesday 18 May to enable brokers to submit their applications.

     

    This change does not affect our approach to foreign currency mortgages, where an applicant might reside in the UK but be paid in a non-sterling denominated currency. As long as they are resident in the UK they are eligible to apply for a mortgage with NatWest and the Royal Bank of Scotland.

     

    Product changes

    Effective from Friday 15 April 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. They apply to purchase and remortgage products if not stated.

     

    New products

    • 85% 2 Yr Fixed, £995 fee 1.94% rate Purchase
    • 90% 2 Yr Fixed, £0 fee 2.74% rate Purchase
    • 85% 5 Yr Fixed, £995 fee 3.08% rate Purchase
    • 85% 5 Yr Fixed, £0 fee 3.40% rate Purchase
    • 90% 5 Yr Fixed, £995 fee 3.28% rate Purchase

    Rates decreasing

    • 60% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.43% from 1.54% Purchase
    • 70% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.59% from 1.74% Purchase
    • 75% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.73% from 1.77% Purchase
    • 80% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.79% from 1.88% Purchase
    • 60% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.23% from 2.33% Purchase
    • 70% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.47% from 2.53% Purchase
    • 70% 5 Yr Fixed, £0 fee, Rate Decreasing to 2.93% from 2.98% Purchase
    • 75% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.60% from 2.68% Purchase
    • 80% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.73% from 2.78% Purchase
    • 60% 2 Yr Tracker, £995 fee, Rate Decreasing to 1.28% from 1.44% Purchase
    • 70% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.72% from 1.74% Remortgage
    • 80% 2 Yr Fixed, £995 fee, Rate Decreasing to 1.83% from 1.88% Remortgage
    • 85% 2 Yr Fixed, £995 fee, Rate Decreasing to 2.02% from 2.08% Remortgage
    • 60% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.29% from 2.33% Remortgage
    • 70% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.49% from 2.53% Remortgage
    • 75% 5 Yr Fixed, £995 fee, Rate Decreasing to 2.65% from 2.68% Remortgage
    • 60% 2 Yr Tracker, £995 fee, Rate Decreasing to 1.39% from 1.44% Remortgage

    Rates increasing

    • 60% 2 Yr Fixed, £0 fee, Rate Increasing to 2.42% from 2.34% Purchase
    • 70% 2 Yr Fixed, £0 fee, Rate Increasing to 2.42% from 2.39% Purchase
    • 80% 2 Yr Fixed, £0 fee, Rate Increasing to 2.67% from 2.53% Purchase
    • 60% 5 Yr Fixed, £0 fee, Rate Increasing to 2.93% from 2.90% Purchase
    • 80% 5 Yr Fixed, £0 fee, Rate Increasing to 3.40% from 3.35% Purchase
    • 60% 2 Yr Tracker, £0 fee, Rate Increasing to 2.33% from 2.24% Purchase
    • 70% 2 Yr Tracker, £995 fee, Rate Increasing to 1.66% from 1.64% Purchase
    • 70% 2 Yr Tracker, £0 fee, Rate Increasing to 2.33% from 2.29% Purchase
    • 75% 2 Yr Tracker, £995 fee, Rate Increasing to 1.74% from 1.67% Purchase
    • 60% 2 Yr Fixed, £995 fee, Rate Increasing to 1.58% from 1.54% Remortgage
    • 85% 2 Yr Fixed, £0 fee, Rate Increasing to 2.80% from 2.68% Remortgage
    • 90% 2 Yr Fixed, £995 fee, Rate Increasing to 2.35% from 2.31% Remortgage
    • 90% 2 Yr Fixed, £0 fee, Rate Increasing to 2.80% from 2.79% Remortgage
    • 60% 5 Yr Fixed, £0 fee, Rate Increasing to 2.98% from 2.90% Remortgage
    • 80% 5 Yr Fixed, £0 fee, Rate Increasing to 3.42% from 3.35% Remortgage
    • 80% 5 Yr Fixed, £995 fee, Rate Increasing to 2.79% from 2.78% Remortgage
    • 85% 5 Yr Fixed, £995 fee, Rate Increasing to 3.09% from 3.08% Remortgage
    • 85% 5 Yr Fixed, £0 fee, Rate Increasing to 3.42% from 3.38% Remortgage
    • 90% 5 Yr Fixed, £0 fee, Rate Increasing to 3.79% from 3.69% Remortgage
    • 60% 2 Yr Tracker, £0 fee, Rate Increasing to 2.33% from 2.24% Remortgage
    • 70% 2 Yr Tracker, £995 fee, Rate Increasing to 1.69% from 1.64% Remortgage
    • 70% 2 Yr Tracker, £0 fee, Rate Increasing to 2.33% from 2.29% Remortgage
    • 75% 2 Yr Tracker, £995 fee, Rate Increasing to 1.74% from 1.67% Remortgage

    Withdrawn

    • 75% 2 Yr Fixed, £0 fee 2.43% rate Purchase
    • 75% 5 Yr Fixed, £0 fee 3.19% rate Purchase
    • 60% 2 Yr Fixed, £0 fee 2.34% rate Remortgage
    • 70% 2 Yr Fixed, £0 fee 2.39% rate Remortgage
    • 75% 2 Yr Fixed, £0 fee 2.43% rate Remortgage
    • 80% 2 Yr Fixed, £0 fee 2.53% rate Remortgage
    • 75% 5 Yr Fixed, £0 fee 3.19% rate Remortgage

     

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

    Rates decreasing

    • 70% 2 Yr Fixed, £1,995 fee, Rate Decreasing to 2.19% from 2.37% BTL Purchase
    • 70% 2 Yr Fixed, £1,995 fee, Rate Decreasing to 2.29% from 2.37% BTL Remortgage

    Rates increasing

    • 60% 2 Yr Fixed, £0 fee, Rate Increasing to 3.07% from 3.03% BTL Purchase
    • 70% 2 Yr Fixed, £0 fee, Rate Increasing to 3.65% from 3.58% BTL Purchase
    • 70% 5 Yr Fixed, £1,995 fee, Rate Increasing to 3.63% from 3.62% BTL Purchase
    • 60% 2 Yr Tracker, £1,995 fee, Rate Increasing to 1.80% from 1.73% BTL Purchase
    • 70% 2 Yr Tracker, £0 fee, Rate Increasing to 3.31% from 3.28% BTL Purchase
    • 60% 2 Yr Fixed, £0 fee, Rate Increasing to 3.07% from 3.03% BTL Remortgage
    • 60% 2 Yr Fixed, £1,995 fee, Rate Increasing to 2.05% from 2.02% BTL Remortgage
    • 75% 2 Yr Fixed, £1,995 fee, Rate Increasing to 2.54% from 2.53% BTL Remortgage
    • 75% 2 Yr Fixed, £0 fee, Rate Increasing to 3.69% from 3.64% BTL Remortgage
    • 70% 5 Yr Fixed, £1,995 fee, Rate Increasing to 3.63% from 3.62% BTL Remortgage
    • 75% 5 Yr Fixed, £1,995 fee, Rate Increasing to 3.96% from 3.78% BTL Remortgage
    • 60% 2 Yr Tracker, £1,995 fee, Rate Increasing to 1.77% from 1.73% BTL Remortgage
    • 70% 2 Yr Tracker, £0 fee, Rate Increasing to 3.31% from 3.28% BTL Remortgage
    • 75% 2 Yr Tracker, £0 fee, Rate Increasing to 3.44% from 3.34% BTL Remortgage

    Withdrawn

    • 60% 2 Yr Tracker, £0 fee 2.84% rate BTL Purchase
    • 70% 2 Yr Tracker, £1,995 fee 2.25% rate BTL Purchase
    • 60% 2 Yr Tracker, £0 fee 2.84% rate BTL Remortgage

     

    First time buyer exclusive: changes apply to purchase

    New products

    • 90% 2 Yr Fixed, £0 fee 2.69% rate
    • 90% 5 Yr Fixed, £0 fee 3.53% rate

    Rates increasing

    • 80% 2 Yr Fixed, £0 fee, Rate Increasing to 2.63% from 2.49%

    Withdrawn

    • 80% 5 Yr Fixed, £0 fee 3.30% rate

    End dates

    2 YrTerm End Dates Moving from 30/06/2018 to 30/09/2018
    3 YrTerm End Dates Moving from 30/06/2019 to 30/09/2019
    5 YrTerm End Dates Moving from 30/06/2021 to 30/09/2021

     

    Transitional arrangements

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

     

    The supporting documentation for online applications on these products must be received in our Mortgage Centre in Birmingham by close of business on 28th April.

     

    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 14th April 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 15th April. 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).


    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 19th April for your rate to be honoured:

     

    NatWest Intermediary Solutions
    Broker Support Team
    1st Floor
    6 Brindley Place
    Birmingham
    B1 2UU

     

    Any cases that are submitted with missing information will not be upheld. Any cases submitted must have all supporting documentation by 28th April.

     

    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.

     

    System outage for planned maintenance

    18th March 2016

    We will be carrying out scheduled maintenance on our system between 6pm on Friday 18 March and 10.30pm on Sunday 20 March, which means some of this site's features, will be temporarily inaccessible.

    You will be unable to submit requests for Mortgage Illustrations, Agreements In Principle and Full Mortgage Applications during this time.

    From Monday 21 March, your view of Recent Cases will be reset, but all applications that were submitted prior to 6pm on Friday 18 March can be found by searching for your customer's name in Existing Cases.

    You will still be able to use our Affordability Calculator and Mortgage Application Tracker tool over the weekend as they will be unaffected by the maintenance work.

    Valuations to be instructed on 'Day 1'

    March 2016

    From Monday 7th March, we will instruct all valuations for residential and buy-to-let purchase and remortgage applications up to £500,000 from the day the application is submitted. This day is referred to as 'Day 1'. As a result, the underwriting and valuation processes will run parallel to one another thus reducing the time a customer has to wait for an offer. The offer will be issued once both processes have been completed successfully.

     

    Applications submitted prior to Monday 7th March will have their valuations instructed in line with the current process.

     

    There will be no material change to the application process. Once the application has been submitted successfully, you will still receive an email with your customer's mortgage reference number. The valuation will be instructed then the valuation fee will be debited from the customer's payment card.

     

    We won't charge your customers legal and valuation fees for a standard remortgage - there may be instances when this isn't necessary. Please speak to your BDM if you require any further information.

     

    You'll be able to monitor the progress of each customer's application using the Mortgage Application Tracker tool that's available on this site.

     

    We'll provide customers with a full refund if their application is declined on the grounds of affordability or credit scoring, or where we cannot lend the full amount requested.

     

    Loan to income maximums lowered on many mortgages 

    February 2016

    From Wednesday 24th February, we will be lowering the loan to income maximum on mortgages between 75.01% - 85% LTV. The rate will drop from 4.75 to 4.45 x income.

     

    No changes are being made to the loan to income maximum for mortgages below 75% LTV or above 85% LTV. These changes will also be implemented across NatWest's retail businesses. 

     

    Through our affordability calculator, we use a number of measures to asses a customer's affordability - the loan to income amount being one such measure. The change will be incorporated into the calculator so brokers won't need do anything differently. 

     

    Applications submitted by close of business on Tuesday 23rd February will be assessed on the current loan to income maximums. All new business submitted from Wednesday 24th February will be assessed according to the new loan to income maximum. 

    Changes to service availability, 11th -13th January

    December 2015

    All staff at NatWest Intermediary Solutions will be attending a conference on Tuesday 12th January. As a result, LiveTALK will be unavailable from 3pm, Monday 11th January until 2pm, Wednesday 13th January. Your BDM will contact you to confirm their out-of-office hours.

     

    We apologise for any inconvenience this may cause. However, the conference will ensure we can continue to offer a great broker experience. 

    Product changes

    January 2016

    To continue meeting our customers' needs, we're updating our product range. These changes will be effective as of 29th January 2016. Please see below for details of the changes.

     

    Core range - purchase and remortgage products

    Rates decreasing

     

    • 90% 2 yr fixed, £995 fee, rate decreasing from 2.91% to 2.50% 
    • 90% 2 yr fixed, £0 fee, rate decreasing from 3.45% to 2.98%
    • 90% 3 yr fixed, £0 fee, rate decreasing from 3.78% to 3.58% 
    • 90% 3 yr fixed, £995 fee, rate decreasing from 3.31% to 3.11%
    • 90% 5 yr fixed, £995 fee, rate decreasing from 3.63% to 3.43%
    • 90% 5 yr fixed, £0 fee, rate decreasing from 4.13% to 3.89% 
     
     

    Rates increasing

    • 60% 3 yr fixed, £0 fee, rate increasing from 2.52% to 2.56% 

     

    First time buyer

    Rates decreasing

    • 90% 2 yr fixed, £0 fee, rate decreasing to 2.94% from 3.39% FTB exclusive purchase
    • 90% 5 yr fixed, £0 fee, rate decreasing to 3.60% from FTB exclusive purchase

     

    Help to Buy: mortgage guarantee 

    Rates decreasing

    • 95% 2 yr fixed, £0 fee, rate decreasing to 3.79% from 4.24% purchase
    • 95% 5 yr fixed, £0 fee, rate decreasing to 4.61% from 4.89% purchase

     

    BTL range - purchase and remortgage products

    Rates decreasing

    • 60% 2 yr fixed, £1,995 fee, rate decreasing to 2.18% from 2.22% 
    • 70% 2 yr fixed, £1,995 fee, rate decreasing to 2.54% from 2.57% 
    • 70% 5 yr fixed, £1,995 fee, rate decreasing to 3.79% from 3.82% 

     

    Exclusive - changes apply to purchase and remortgage products 

    New products

    • 90% 2 yr fixed, £995 fee, 2.31% rate
    • 90% 2 yr fixed, £0 fee, 2.79% rate
    • 90% 5 yr fixed, £0 fee, 3.69% rate
    • 90% 5 yr fixed, £995 fee, 3.29% rate

    Withdrawn

    • 90% 2 yr fixed, £0 fee, 3.25% rate
    • 90% 2 yr fixed, £995 fee, 2.71% rate
    • 90% 5 yr fixed, £995 fee, 3.43% rate
    • 90% 5 yr fixed, £0 fee, 3.93% rate

     

    BTL exclusive - changes apply to purchase and remortgage products 

     

    New products

    • 60% 2 yr tracker, £0 fee, 2.84% rate 

    Withdrawn

    • 60% 2 yr tracker, £0 fee, 2.78% rate 

     

    First time buyer exclusive 

    New products

    • 90% 2 yr fixed, £0 fee, 2.74% rate
    • 90% 5 yr fixed, £0 fee, 3.40% rate 

    Withdrawn

    • 90% 2 yr fixed, £0 fee, 3.19% rate 
    • 90% 5 yr fixed, £0 fee, 3.89% rate 

    End dates

    • 2 yr term end dates moving from 31/03/2018 to 30/06/2018
    • 3 yr term end dates moving from 31/03/2019 to 30/06/2019
    • 5 yr term end dates moving from 31/03/2021 to 30/06/2021

     

    Transitional arrangements

     

    You’ll be able to produce KFIs and submit applications online for existing deals up to 10:30pm on 28th January.

     

    The supporting documentation for online applications for these products must be received in our Mortgage Centre in Birmingham by close of business on 11th February.

     

    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 29th January with missing information will be indentified by the Broker Support team. The team will contact the broker to obtain this information. 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 email your Broker Development Manager (BDM) by midday on 29th January. Requests received after this time will not be considered.

     

    You must include the following in bullet point format:

     

    • Your name, company and postcode 
    • Client name
    • Product 
    • Borrowing amount
    • 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 2nd February for your rate to be honoured:

     

    NatWest Intermediary Solutions
    Broker Support Team
    1st Floor
    6 Brindley Place
    Birmingham
    B1 2UU

     

    Cases that are submitted with missing information will not be upheld.

     

    Cases must be submitted with all supporting documentation by 11th February.

     

    This information should be faxed TOGETHER to Natwest on 0845 878 9498. Quote the mortgage account number and ensure you provide the correct certification on every page.

     

    If you have any questions around criteria or packaging, please contact our LiveTALK team. If you have a complicated or a high value case you wish to discuss, contact your BDM. 

     

    2015

    Product changes

    December 2015

    To continue meeting our customers' needs, we're updating our product range. These changes will be effective as of 29th January 2016. Please see below for details of the changes.

     

    Core range - purchase and remortgage products 

     

    Rates decreasing

    • 60% 3 yr fixed, £995 fee, rate decreasing to 2.03% from 2.04%
    • 70% 3 yr fixed, £995 fee, rate decreasing to 2.17% from 2.25%
    • 85% 3 yr fixed, £0 fee, rate decreasing to 3.32% from 3.38%

    Rates increasing

    • 60% 2 yr fixed, £995 fee, rate increasing to 1.74% from 1.63%
    • 60% 2 yr fixed, £0 fee, rate increasing to 2.54% from 2.34%
    • 70% 2 yr fixed, £0 fee, rate increasing to 2.59% from 2.39%
    • 70% 2 yr fixed, £995 fee, rate increasing to 1.94% from 1.83%
    • 75% 2 yr fixed, £995 fee, rate increasing to 1.97% from 1.88%
    • 75% 2 yr fixed, £0 fee, rate increasing to 2.63% from 2.48%
    • 80% 2 yr fixed, £995 fee, rate increasing to 2.08% from 1.99%
    • 80% 2 yr fixed, £0 fee, rate increasing to 2.73% from 2.53%
    • 85% 2 yr fixed, £995 fee, rate increasing to 2.28% from 2.09%
    • 85% 2 yr fixed, £0 fee, rate increasing to 2.88% from 2.68%
    • 90% 2 yr fixed, £995 fee, rate increasing to 2.91% from 2.76%
    • 90% 2 yr fixed, £0 fee, rate increasing to 3.45% from 3.25%
    • 60% 5 yr fixed, £995 fee, rate increasing to 2.53% from 2.39%
    • 60% 5 yr fixed, £0 fee, rate increasing to 3.10% from 2.90%
    • 70% 5 yr fixed, £995 fee, rate increasing to 2.73% from 2.68%
    • 70% 5 yr fixed, £0 fee, rate increasing to 3.18% from 2.98%
    • 75% 5 yr fixed, £0 fee, rate increasing to 3.39% from 3.29%
    • 75% 5 yr fixed, £995 fee, rate increasing to 2.88% from 2.83%
    • 80% 5 yr fixed, £0 fee, rate increasing to 3.55% from 3.35%
    • 80% 5 yr fixed, £995 fee, rate increasing to 2.98% from 2.89%
    • 85% 5 yr fixed, £0 fee, rate increasing to 3.58% from 3.43%
    • 85% 5 yr fixed, £995 fee, rate increasing to 3.28% from 3.23%
    • 90% 5 yr fixed, £995 fee, rate increasing to 3.63% from 3.60%
    • 90% 5 yr fixed, £0 fee, rate increasing to 4.13% from 3.93%
    • 60% 2 yr tracker, £0 fee, rate increasing to 2.44% from 2.24%
    • 60% 2 yr tracker, £995 fee, rate increasing to 1.64% from 1.53%
    • 70% 2 yr tracker, £0 fee, rate increasing to 2.49% from 2.29%
    • 70% 2 yr tracker, £995 fee, rate increasing to 1.84% from 1.73%
    • 75% 2 yr tracker, £995 fee, rate increasing to 1.87% from 1.78%
    • 75% 2 yr tracker, £0 fee, rate increasing to 2.53% from 2.38%

     

    First time buyer

    Rates increasing

    • 80% 2 yr fixed, £0 fee, rate increasing to 2.69% from 2.49%
    • 85% 2 yr fixed, £0 fee, rate increasing to 2.83% from 2.63%
    • 90% 2 yr fixed, £0 fee, rate increasing to 3.39% from 3.19%
    • 80% 5 yr fixed, £0 fee, rate increasing to 3.50% from 3.30%
    • 85% 5 yr fixed, £0 fee, rate increasing to 3.53% from 3.39%
    • 90% 5 yr fixed, £0 fee, rate increasing to 4.09% from 3.89%

     

    Shared equity

    Rates increasing

    • 75% 2 yr fixed, £0 fee, rate increasing to 2.63% from 2.48%
    • 75% 5 yr fixed, £0 fee, rate increasing to 3.39% from 3.29%

     

    Help to Buy: shared equity

    Rates increasing

    • 75% 2 yr fixed, £0 fee, rate increasing to 2.63% from 2.48%
    • 75% 5 yr fixed, £0 fee, rate increasing to 3.39% from 3.29%

     

    BTL range - purchase and remortgage products

    Rates increasing

    • 60% 2 yr fixed, £1,995 fee, rate increasing to 2.22% from 2.02%
    • 60% 2 yr fixed, £0 fee, rate increasing to 3.23% from 3.08%
    • 70% 2 yr fixed, £1,995 fee, rate increasing to 2.57% from 2.55%
    • 70% 2 yr fixed, £0 fee, rate increasing to 3.78% from 3.58%
    • 75% 2 yr fixed, £0 fee, rate increasing to 3.84% from 3.64%
    • 75% 2 yr fixed, £1,995 fee, rate increasing to 2.73% from 2.59%
    • 60% 5 yr fixed, £1,995 fee, rate increasing to 3.38% from 3.33%
    • 60% 5 yr fixed, £0 fee, rate increasing to 3.99% from 3.79%
    • 70% 5 yr fixed, £1,995 fee, rate increasing to 3.82% from 3.62%
    • 70% 5 yr fixed, £0 fee, rate increasing to 4.64% from 4.44%
    • 75% 5 yr fixed, £1,995 fee, rate increasing to 3.98% from 3.83%
    • 75% 5 yr fixed, £0 fee, rate increasing to 4.78% from 4.58%
    • 60% 2 yr tracker, £1,995 fee, rate increasing to 1.93% from 1.73%
    • 60% 2 yr tracker, £0 fee, rate increasing to 2.98% from 2.78%
    • 70% 2 yr tracker, £1,995 fee, rate increasing to 2.45% from 2.25%
    • 70% 2 yr tracker, £0 fee, rate increasing to 3.48% from 3.28%
    • 75% 2 yr tracker, £0 fee, rate increasing to 3.54% from 3.34%
    • 75% 2 yr tracker, £1,995 fee, rate increasing to 2.49% from 2.29%

     

    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 on Thursday 3rd December 2015.

     

    The supporting documentation for online applications for these products must be received in our Mortgage Centre in Birmingham by close of business on Thursday 17th December 2015.

     

    The full product fee is payable on application. Once we have produced the full mortgage offer, this fee is is non-refundable. If selecting an alternative product from our range, the new product fee will apply. 

     

    Missing information process

    Cases received before Friday 4th December 2015 with missing information will be indentified by the Broker Support team. The team will contact the broker to obtain the required information. If the missing information cannot be obtained 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, you must submit a paper based application. These will only be accepted for the previous reasons and you must email your Broker Development Manager (BDM) by midday on Friday 4th December 2015. Requests received after this time will not be considered.

    Your email must include the following in bullet point format:

     

    • Your name, company and postcode
    • Client name
    • Product requested
    • Borrowing amount
    • 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?
     

    For your rate to be honoured, paper applications must be signed by all applicants and the original received by close of business Tuesday 8th December, 2015. Please send to:

     

    NatWest Intermediary Solutions
    Broker Support Team
    1st Floor
    6 Brindley Place
    Birmingham
    B1 2UU

     

    Cases submitted with missing information will not be upheld.

     

    Cases must be submitted with all supporting documentation by Thursday 17th December, 2015.

     

    Packaging

     

    Full details of packaging requirements can be found on our Intermediary Solutions website. They're also summarised below:

     

    Employed applicants

    One of the following:

     

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

     

    LTV ABOVE 75% OR FACILITY ABOVE £500K

    • Last 3 months' personal bank statements
    • P60 

    or

    • Latest payslip
    •  
    • Statements are not required if applicant has salary mandated to a NatWest or Royal Bank of Scotland account.
    • Online bank statements are acceptable providing we can identify the client using their name and account number.

    Important: If the salary varies on the bank statements, the underwriters are likely to ask for three months consecutive payslips. This will help them gain a better understanding of basic and other income.

     

    We therefore recommend that you always request 3 months' payslips from your clients. This will prevent your case from being delayed by requests for further information. If you are including your client’s bonus as part of income, please include their latest 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

    • Last 3 months' personal bank statements AND
    • Last 3 months' business bank statements
     

    PLUS ONE OF THE FOLLOWING:

    • Last 2 yrs' audited accounts 
    • Last 2 yrs' inland revenue tax assessments

     

    Underwriters look to use net profit figures for sole traders/partnerships and salary and dividends for directors of limited companies. Generally speaking, we will use an average of the last two years unless there is a declining trend. We aim to ensure drawings are sustainable to the business.

    Please note: accountants’ certificates will no longer be accepted.

     

     

    OTHER CONSIDERATIONS

    If there is anything unusual about your case, please write a cover note explaining the situation. This will give the underwriters as transparent an understanding as possible and help with the speed of the application. 

    Please note the following: 

     

    • All foreign nationals must provide proof of ID.
    • For purchase applications, please confirm source of deposit on the cover note.
    • All credit commitments (current or paid off on completion) must be declared on the cover note.
    • If your client is employed and the term lasts until they are at least 65, please call your BDM. 

     

    Fax your cover note, supporting documentation and application to NatWest on 0845 878 9498. Quoting the mortgage account number and ensure every page has the correct certification. 

     

    If you have any questions around criteria or packaging please contact our LiveTALK team. If you have a complicated or a high value case, get in touch with your BDM. 

     

    Launch of Mortgage Application Tracker

    November 2015

    NatWest Intermediary Solutions (NWIS) has launched a new 'real-time' online mortgage application tracking tool. It will enable brokers to monitor and manage the progress of applications submitted through the MTE or NWIS website.

     

    The Mortgage Application Tracker will be available on the NatWest Intermediary Solutions website. 

     

    As long as you're already registered with NWIS, you don't need to register to use the service. Once you've logged on to the website and accessed the Mortgage Application Tracker, you simply enter a mortgage reference number, your client's date of birth and surname. You'll then be given a detailed update.

     

    The tracker splits the application process into four steps:

     

    1. Assessment
    2. Valuation
    3. Offer
    4. Completion
     

    The status of each application is clearly detailed and highlighted on a progress bar at the top of each individual customer screen. 

     

    Speak to your BDM for more details.

    Product Changes

    October 2015

    We're making some changes to the end dates of borrowing terms. There will be no changes to product rates.

     

    End dates

    2 yr term end dates moving from 31/12/2017 to 31/03/2018
    3 yr term end dates moving from 31/12/2018 to 31/03/2019
    5 yr term end dates moving from 31/12/2020 to 31/03/2021

     

     

    Transitional arrangements

    You'll be able to produce KFIs and submit applications online for existing deals up to 10:30pm on Monday 26th October 2015.

     

    The supporting documentation for online applications for these products must be received in our Mortgage Centre in Birmingham by close of business on Monday 9th November, 2015. The full product fee is payable on application. Once we have produced the full mortgage offer, this fee is non-refundable. If selecting an alternative product from our range, the new product fee will apply. 

     

    Missing information process

    Cases received before Tuesday 27th October, 2015 with missing information will be identified by the Broker Support team. The team will contact the broker to obtain the required information. If the missing information cannot be obtained 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, you must submit a paper based application. These will only be accepted for the previous reasons and you must email your Broker Development Manager (BDM) by midday on Friday 4th December 2015. Requests received after this time will not be considered.

     

    Your email must include the following in bullet point format:

     

    • Your name, company and postcode
    • Client name
    • Product requested
    • Borrowing amount
    • 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?

     

    For your rate to be honoured, paper applications must be signed by all applicants and the original received by close of business on Thursday 29th October, 2015. Please send to:

     

    NatWest Intermediary Solutions
    Broker Support Team
    1st Floor
    6 Brindley Place
    Birmingham
    B12 UU

     

    Cases submitted with missing information will not be upheld.

    Cases must be submitted with all supporting documentation by Monday 9th November, 2015.

     

    Interest-only criteria reminder

     

    With effect from Sunday 2nd December 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 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'.

     

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

    Enhanced repayment vehicles such as bonus income, stocks and 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 pa 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 £500K

    One of the following:

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

    LTV ABOVE 75% OR FACILITY ABOVE £500K

    • Last 3 months' personal bank statements 
    • P60 

    or

    • Latest payslip
    • Statements are not required if applicant has salary mandated to a NatWest or Royal Bank of Scotland account.
    • Online bank statements are acceptable providing we can identify the client using their name and account number.

    Important: If the salary varies on the bank statements, the underwriters are likely to ask for three months consecutive payslips. This will help them gain a better understanding of basic and other income.

    We therefore recommend that you always request 3 months' payslips from your clients. This will prevent your case from being delayed by requests for further information. If you are including your client’s bonus as part of income, please include their latest 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

    • Last 3 months' personal bank statements AND
    • Last 3 months' business bank statements

     

    PLUS ONE OF THE FOLLOWING:

    • Last 2 yrs' audited accounts 
    • Last 2 yrs' inland revenue tax assessments

     

    Underwriters look to use net profit figures for sole traders/partnerships and salary and dividends for directors of limited companies. Generally speaking, we will use an average of the last two years unless there is a declining trend. We aim to ensure drawings are sustainable to the business.

    Please note: accountants’ certificates will no longer be accepted.

     

    Other considerations

    If there is anything unusual about your case, please write a cover note explaining the situation. This will give the underwriters as transparent an understanding as possible and help with the speed of the application. 

    Please note the following: 

     

    • All foreign nationals must provide proof of ID.
    • For purchase applications, please confirm source of deposit on the cover note.
    • All credit commitments (current or paid off on completion) must be declared on the cover note.
    • If your client is employed and the term lasts until they are at least 65, please call your BDM. 

     

    Fax your cover note, supporting documentation and application to NatWest on 0845 878 9498. Quoting the mortgage account number and ensure every page has the correct certification. 

     

    If you have any questions around criteria or packaging please contact our LiveTALK team. If you have a complicated or a high value case, get in touch with your BDM. 

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