Major UK Bank Simplifies Buy-To-Let Mortgages

NatWest has revamped its buy-to-let mortgage range by reducing the affordability calculator questions to just 11. This move aims to accelerate the assessment process, benefiting brokers and property investors.

Enhanced Portfolio Landlord Assessment

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For portfolio landlords, NatWest has eliminated the requirement for personal income assessments. Now, evaluations will focus on loan-to-value (LTV) and rental income, simplifying the documentation and easing the process for property investment.

Personalised Stress Rates for Buy-to-Let Mortgages

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NatWest introduces dynamic product stress rates, tailoring loan affordability based on the specific product rate and term. This ensures a more flexible and reliable application process for buy-to-let investors.

Expert Opinion on the New Changes

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Brad Fordham, Head of Mortgage Distribution at NatWest, highlights the bank’s commitment to delivering a consistent and flexible service. The new simplified affordability calculator is set to enhance the experience for brokers and landlords.

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