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Latest monthly roundup
As we settle into February, we’re pleased to share our latest monthly roundup, bringing you the key updates and enhancements introduced over the past month.
In this edition you’ll find details on enhancements to our Loan-to-Income (LTI) limits, improvements to our self-employed packaging requirements, and the launch of our new WhatsApp channel, all designed to help you support your customers more easily.
Enhancements to Loan-to-Income limits
We’ve enhanced our residential LTI limits to help more customers access the borrowing they need, while continuing to lend responsibly.
Key updates include:
- Sole £75,000 + / Joint £100,000 + income band: Increased to 6.0x income (from 5.5x) for lending at 75% LTV and below.
- Sole / Joint £40,000 + income band: Increased to 5.5x income (from 5.0x) for lending at 75% LTV and below.
- This change applies to capital and interest mortgages only and new applications from 28th January.
Learn more here.
Streamlined packaging for self-employed customers
We’ve simplified our packaging requirements for self-employed mortgage applications to help make the process faster and easier for you and your customers.
What’s changing:
- We’ll no longer request business bank statements or SA100s as part of initial packaging.
- Personal bank statements will only be requested if scoring indicates they’re needed.
- Business bank statements will only be required upfront if the business is under two years old (in line with our credit policy).
- For limited companies, just one year of accounts will be required, as this provides two years of trading information.
We’re now available on WhatsApp
We’ve launched a dedicated WhatsApp channel to make it even easier for you to contact the NatWest Intermediaries team and get real-time support.
The service allows you to:
- Get pre-application guidance on policy and packaging expectations.
- Receive post-application support to help progress cases.
- Get help with administration queries, such as password resets.
This gives you fast, convenient access to the information and guidance you need through a channel you already use every day.
Learn more here.
Stay connected with NatWest Intermediaries
Following NatWest Intermediaries on LinkedIn is a great way to stay up to date with the latest news, updates and insights from across our business.
By following our page, you’ll be able to:
• Keep up to date with latest product, criteria and policy updates.
• See industry insights and market commentary.
• Access helpful case studies and broker support content.
• Stay informed about events, webinars and key announcements.
Follow us here.