NatWest is bringing in 12 high-value remortgages based on loan balance and LTV rather than just LTV.
The products come in next Monday and will feature in NatWest’s remortgage range for those with loans of £500,000 and over.
The firm is also bringing in 12 products for loans of £500,000 and above.
A NatWest statement says: “The launch of new products for remortgage and product switchers is the first step towards offering tailored customer pricing. This range of products will help to improve the way that we can meet the needs of our new and existing high balance mortgage customers.”
NatWest head of sales Mark Bullard says: “We recognise there is an element of a product gap in our portfolio for this particular type of customer, and by introducing these new products, this is what we are trying to do to fulfil that.
“By considering both term and LTV, this enables us to construct a product that is viable.”