NatWest Intermediary Solutions has made a series of changes to its buy-to-let calculator.
In an effort to make affordability discussions faster and simpler, the lender has detailed two customer types who quality for a simplified affordability calculation.
Specifically, remortgage ‘Like for Like’ small or portfolio landlord customers who are coming from another lender will proceed to the new process, as will small landlords who have three or less properties.
Portfolio landlords looking to purchase or remortgage with additional borrowing will not quality.
NatWest Intermediary Solutions head of sales Mark Bullard says: “We are happy to be launching the simplified BTL calculator on the strength of feedback we’ve received from brokers.
“We have reviewed our policy and are pleased we’re now be able to provide the market with an alternative lender option, signifying our intent to grow our market share in this sector.”