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

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. 

Effective from Tuesday 16 February 2021

We are delighted to announce that we are implementing a number LTV changes to continue to support you and your customers.

What you need to know

From the 16th February, we are re-introducing a number of our higher LTV products:

  • Residential New Build max LTV will increase to 85%
  • 4 new 90% LTV Residential Remortgage Products. For customers looking to remortgages on a like for like basis only (Additional borrowing remains at 80%)
  • TOFTs will be increased back to 90% and 95% on a like for like basis

The previous guidance related to payment holidays applies.  We are happy to accept applications where a customer is able to evidence that the first full scheduled monthly payment has been made having finished their payment holiday. 

These changes are effective from 16 February for all new qualifying mortgage applications received.

Alongside the re-introduction of high LTV products, we are also implementing a number of rate reductions for new business customers:

  • Purchase: Rate reductions of up to 13bps and 23bps on selected 2 and 5 year deals respectively.
  • Green Mortgages Rate reduction of 12bps and 5bps on 75% LTV 2 and 5 year deals respectively.

Here’s a full list the changes with product codes in brackets:

New Business

Core Range
Residential
Rate Changes


2 year fixed rate purchase

[FO25613] 70% LTV, decreasing by 13bps from 1.57% to 1.44%, product fee £995

[FO25614] 75% LTV, decreasing by 13bps from 1.57% to 1.44%, product fee £995

5 year fixed rate purchase

[FO25615] 60% LTV, decreasing by 1bps from 1.34% to 1.33%, product fee £995

[FO25616] 70% LTV, decreasing by 23bps from 1.86% to 1.63%, product fee £995

[FO25617] 75% LTV, decreasing by 23bps from 1.86% to 1.63%, product fee £995

New Products

2 year fixed rate remortgage

[FO25619] 90% LTV, 3.59%, product fee £0

[FO25618] 90% LTV, 3.39%, product fee £995

5 year fixed rate remortgage

[FO25621] 90% LTV, 3.74%, product fee £0

[FO25620] 90% LTV, 3.54%, product fee £995

 Green Mortgages

Residential

Rate Changes

2 year fixed rate purchase

[FO25622] 75% LTV, decreasing by 12bps from 1.56% to 1.44%, product fee £995, cashback £250

5 year fixed rate purchase

[FO25623] 75% LTV, decreasing by 5bps from 1.68% to 1.63%, product fee £995, cashback £250

Existing Customer

No Changes
  

End dates

There are no changes to end dates

Transitional arrangements

You’ll be able to produce Mortgage Illustrations and submit applications online for existing deals up to 10:30pm Monday 15 February, 2021.

If you are unable to submit an application online due to a technical issue that cannot be resolved over the phone, then you must submit a paper-based application. In this instance, you must e-mail your BDM by midday on Tuesday 16 February 2021. Requests received after this time will not be considered.

Your email must include in bullet points:

  • Your details – name, company and postcode
  • Customer name
  • Product applying for
  • Amount of mortgage loan
  • Reason for paper application – If you have experienced a technical issue a clear description of the problem encountered with error code (if applicable) must be provided
  • State whether you were trying to submit via NatWest Intermediary Solutions’ website or the Mortgage Trading Exchange

Paper applications must be signed by all applicants and the original received at the following address by close of business on Thursday 18 February 2021 for your rate to be honoured:

FREEPOST NatWest Intermediary Solutions
Mortgage Centre
Cartsdyke Avenue
Greenock
PA15 1ED

For a complete listing of all our mortgage products, please visit the product page on our web site.

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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