**The following below criteria applies to all application types.
The property must be in England, Scotland, Wales or Northern Ireland.
The property must be a residential property owned by the applicant(s) and not for their own use at any time.
Applicant(s) must be UK nationals, EU nationals or have indefinite leave to remain in the UK. – Please note providing one applicant is a UK national, EU national or have indefinite leave to remain the other applicant does not need to be (please also see Foreign Nationals policy in the A-Z Criteria).
Applicants must be resident in the UK at the time of application.
Applicants must be at least 18 years old at the time of application.
Minimum term is 3 years
Maximum term is 35 years
Maximum lending limit:
£3.5m across all residential and buy-to-let mortgage lending with NatWest or RBS
75% or 65% for New Build properties
Only landlords with 10 or less buy-to-let or consent-to-let properties mortgaged or unencumbered on completion of this application, will be considered for a mortgage
Small landlord definition:
Those with three or less buy-to-let or consent-to-let mortgaged properties on completion of this application, excluding limited company buy-to-lets or unencumbered properties
Portfolio landlord definition:
Those with four or more buy-to-let or consent-to-let mortgaged properties on completion of this application, excluding limited company buy-to-lets
No Minimum Income Required:
No Minimum income* required for BTL applications
*includes £0 income.
We cannot accept:
Applications for HMO, multi-unit blocks, business partnerships or limited companies although NatWest Business Banking may be able to assist.
36 month ASTs and DSS tenancies are accepted:
We accept 3 year ASTs*.
We accept tenancies whereby the property tenants will be in receipt of Housing Benefit or Housing payment as part of Universal Credit.
*Assured Shorthold (England & Wales) tenancy agreement required/a Private Residential Tenancy under the Private Housing (Tenancies) (Scotland) Act 2016 (Scotland).
Capital Raising – Acceptable Purposes:
Permanent home improvements to the mortgaged property (includes extending the current lease)*
Buying out an existing title holder/partner*
Equity raising to purchase another property (residential or Buy to Let)
*The mortgaged property held by or proposed as security to the Bank for both the current mortgage amount and additional borrowing being applied for.
All other reasons for a further advance on a Buy to Let property are unacceptable
Our approach to identifying these customers is based on how they view their buy-to-let activity. We anticipate consumer buy-to-let will only apply to customers remortgaging a buy-to-let property where their objective is not to benefit from house price growth or rental income.
We include this question on our application: Will the property be let out for investment purposes?
By ‘investment’, we mean that you are looking to benefit from rental income or future house price growth.
If the answer to this question is ‘No’, the following message is displayed: Your selection has indicated consumer buy-to-let status. At present we do not offer this type of lending. In this case, the application will not progress.
Family Members cannot reside in the BTL property.
Sourcing Tip* - If property will be used as an investment property, ensure that sourcing isn’t filtered by Consumer Buy-to-Let so that NatWest appears on your sourcing.
We do not offer consumer buy-to-let mortgages.
Reduced Stress rate on all 5 year products
Stress rate reduced to 4.5% on all applications with a 5 year product.