View more on these topics

NatWest to begin instructing valuer on day 1


NatWest Intermediary Solutions is looking to speed up its mortgage process by instructing the valuer as soon as it receives the application.

From 7 March, the lender will instruct on day one for residential and buy-to-let cases up to £500,000.

Any applications submitted before 7 March will have the valuations instructed in line with its current process.

NatWest IS service development manager Sarah Taylor says: “The introduction of the earlier valuation instruction will make a real difference to the time it takes to send a customer an offer. This is, of course, dependent on brokers sending in the correct supporting documentation to enable our underwriters to fully assess the application. We will provide customers with a full refund if their applications are declined on the grounds of affordability or credit scoring or where we cannot lend the full amount requested due to affordability issues.

“We have made great strides recently to improve the application experience for brokers and their customers, including the launch our online mortgage application tracker tool and the acceptance of emailed supporting documentation. We have received really positive feedback from brokers for both these services and from the pilot scheme we have been running for the early valuation instruction.”



NatWest to slash rates by up to 49bps

NatWest Intermediary Solutions will be cutting rates on some of its higher LTV residential mortgages by up to 49 basis points. Tomorrow, the lender will cut a residential purchase and remortgage 90 per cent LTV two-year fix from 2.91 per cent to 2.50 per cent with a £995 product fee and another from 3.45 per […]


NatWest increases max new-build incentives to 5%

NatWest Intermediary Solutions has increased the maximum builders’ incentives allowable on new-build properties from 2 per cent of the property price to 5 per cent. Portable and proportionate incentives, such as carpets and curtains, along with other financial incentives such as support with upfront costs or enhanced part-exchange terms can be accepted in the 5 […]


NatWest increases max LTIs on loans under 85% LTV

NatWest Intermediary Solutions has increased its maximum loan-to-income caps on sub-85 per cent LTV residential loans just six weeks after cutting them. In October, the lender cut its maximum LTI on loans of 75 per cent LTV or lower from 4.99 to 4.45 times income. Loans between 75.01 and 85 per cent LTV were reduced […]


NatWest offers lifeline to foreign currency borrowers

NatWest Intermediary Solutions has offered a lifeline to borrowers who get paid in a foreign currency by confirming it will continue to offer such loans post-Mortgage Credit Directive. Of all the lenders to announce their MCD changes, just Woolwich, TSB and Santander have confirmed they will offer loans to borrowers who are paid in a […]


News and expert analysis straight to your inbox

Sign up