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Latest monthly roundup
As March draws to a close and Easter approaches, we hope you’re looking forward to a well-deserved break and some time with loved ones. In this month’s roundup, we bring you timely updates to help you support your customers, including enhancements to our Residential Loan to Income (LTI) calculations, and a reminder about our packaging timescales.
Further enhancements to Residential LTI Calculations
This week, we introduced a series of enhancements to our LTIs to provide greater consistency and enable some customers to borrow more.
What’s changed?
We’ve aligned LTIs across repayment types, enabling Interest Only customers to increase their maximum borrowing potential.
Our LTIs will now vary based on whether an application is taken in sole or joint names.
We’ve enhanced our maximum LTIs for some higher income customers, at higher loan to values.
We’ve introducing additional income bands to provide a more strategic lending approach as incomes increase.
For more information on this change, please visit our affordability hub.
Our packaging timescales
The timescale for uploading full initial packaging for residential and Buy to Let new business applications is 14 calendar days.
- You will receive automatic reminder emails on days 3, 6 and 9 after submission.
- If full packaging is not received, applications will lapse any time after 12pm on day 14 and you’ll need to re-key and re-upload any packaging already provided. There will be no exceptions to this process.
Updates to our mortgage range
We’ve recently made changes to our mortgage range. To keep up with the latest products and offerings, please visit our product news page for all the details.
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.
Easter opening hours
Our offices will be closed Friday 3rd April and Monday 6th April for the Easter Bank Holidays. We’ll be back to help you on Tuesday 7th April at 9am.
Wishing you all a wonderful Easter break and a successful month ahead.