Intermediaries of DA firms will be able to submit applications for products in the corporate range through any mortgage club they choose.
Mark Bullard, head of sales at NatWest Intermediary Solutions, says: “I am delighted that we are now able to further extend access to our corporate range to an increased number of the broker community. Operating in a rapidly changing market, it is essential that we take a measured approach to manage and control the volume and mix of business we receive and preserve our service standards.
“We pledged to review the situation regarding which firms have access to the corporate range and now have the opportunity to widen that access to a sizeable chunk of the DA market. With the recent changes we have made to our product range, the dedicated support we can deliver through our field and phone BDMs and our streamlined service, we have a strong proposition to offer mortgage intermediaries.”
Earlier in the week, two new 60% LTV, arrangement fee-free, purchase and remortgage deals were introduced into the corporate range – a two-year fixed rate at 3.49% and a two-year tracker at 3.29%.
In March this year, NatWest Intermediary Solutions announced that its corporate range of mortgages would be available to a panel of selected AR firms only but that it would continue to monitor the situation and consider widening access to its corporate range in the future.
Following a review in May, around 200 DA firms representing in the region of 1,000 individual brokers were given access to the corporate range.