Brilliant Solutions

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. 


Max LTV for Remortgage Applications with Additional Borrowing

What’s happening: 

  • From 26/05/2021 we are increasing the maximum LTV for Remortgage applications with additional borrowing (excluding Unsecured Debt Consolidation) to 90% – If any element of the Remortgage is for debt consolidation, the maximum LTV remains at 80%

What you need to know: 

  • To support customers who are looking to release capital from their home (subject to current criteria), we are returning our maximum LTV back to 90% (up from 80%)
  • However, if any element of the loan request is to consolidate Debts (as per below) then the maximum LTV remains at 80%
  • Its key to note that Shared Equity & Ownership staircasing requests are NOT considered as debt consolidation and can be offered up to 90% LTV.
  • If, following the property valuation the LTV exceeds 80% and debt consolidation has been requested, the loan amount will need to be reduced to return below 80% LTV
Share this:
Scroll to Top