NatWest has launched self-certified mortgages in a bid to capture ground in a market area containing 3.2 million self-employed individuals in the UK whose income cannot be as easily verified.
NatWest has become one of the first major high street banks to cater for this market and is launching five self-cert products with rates starting from 4.65% and available up to 85% LTV. There are both fixed and discounted options on the products, which will also be available to employed customers.
Charles Haresnape, head of mortgage sales for NatWest, says: “This is a big move for NatWest and one that we are delighted to be able to announce. It speaks volumes of our commitment to the intermediary market that we will be launching the new products initially in this channel.
“As one of the most popular banks for the self-employed, we feel that there is a great opportunity for us to work closely with our intermediary partners in developing business. These days lenders need a wide variety of different mortgages to suit ever-changing customer needs.
“We will make sure that intermediaries and IFAs around the country can access competitive, five-star quality service and products that meet their needs and those of their clients.”