Brilliant Solutions

The office will be closed from 5pm today for staff training, open as normal tomorrow. 

Our office will be closed from 5pm Thursday, 20th October to 9am Friday, 21st October.
If you have any cases or enquiries that this may affect, please contact our team today. We apologise for any inconvenience.

We are currently experiencing some technical issues that are affecting our telephone lines and internet connection.

We hope to resolve this asap. Apologies for the inconvenience.

 

In honour of Her Majesty Queen Elizabeth II our offices will be closed on Monday 19th September while our staff pay their respects.

The office will re-open at 9am on Tuesday 20th September.

Natwest Update

By / 15th December 2021 / Product Updates, Residential

NatWest for Intermediaries has released a product update. For their latest products visit the product page on their website or the news section of their intermediary website.  A summary of the changes is below.  Contact us for more information. 

ONLY FOR USE BY MORTGAGE INTERMEDIARIES

Changes to our Buy to Let proposition

Effective immediately, new and existing Buy to Let Landlords will be able to apply for additional borrowing for any legal purpose other than:

    • Gambling
    • Any form of business purpose (i.e. start up for a new business)
    • Any form of Unsecured Debt Consolidation

These changes follow on from our launch of two new simplified indication calculators earlier this year, which could benefit customers looking to remortgage like-for-like with NatWest. Alongside the new calculators, we introduced a lower stress rate of 4.5% for 5 year products and like-for-like remortgages.

For small landlords and like-for-like remortgage cases, no proof of income is required on submission and the application will proceed through a reduced underwriting process – This means a quicker journey for the you and your customers.

We also removed our minimum income threshold and for small landlords and like-for-like remortgage cases, no proof of income is required in submission and the application will proceed through a reduced underwriting process – This means a quicker journey for you and your customers.

Give our calculators a try, or if you have any questions on our Buy to Let policy, please consult our Buy to Let hub.

NatWest to make rate changes to both New and Existing Customer product ranges

Effective 16th December we are making the following changes to our New and Existing product ranges:

New Business

Rate Changes

  • Purchase: Rate increases of up to 3bps on selected 2 year deals
  • Remortgage: Rate increase of 2bps and up to 25bps on selected 2 and 5 year deals respectively
  • BTL Purchase: Rate increases of up to 5bps on selected 2 and 5 year deals respectively
  • BTL Remortgage: Rate increase of 5bps on 60% LTV 5 year deal
  • Green Purchase: Rate increase of up to 10bps on selected 2 year deals
  • Green Remortgage: Rate increase of 2bps on 75% LTV 2 year deal. Rate reduction of 1bps on 85% LTV 2 year deal and 24bps on 85% LTV 5 year deal
  • Green BTL – Purchase: Rate increases of up 5bps and 3bps on selected 2 and 5 year deals
  • Green BTL – Remortgage: Rate reduction of 1bps on 65% LTV 5 year deal

Rate Changes and cashback changes

  • Remortgage: Rate increase of 5bps on 80% LTV 2 year deal, with cashback increasing to £250

Existing Customer

Rate Changes

  • Switcher: Rate increases of up to 14bps and 8bps on selected 70%-75% LTV 2 and 5 year deals. Rate reductions of up to 21bps and 20bps on selected 80%-90% LTV 2 and 5 year deals.
  • Switcher – High value: Rate increase of 6bps on selected 5 year deals

You can download a PDF of the updated product ranges on our Website. For a full summary of the changes, including transitional arrangements, visit the Latest News section on our home page.

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