Following the government’s update on 13th May 2020 regarding home moving in England during the Covid-19 outbreak, we are pleased to announce our branches in England will start re-opening their doors for booked appointments over the coming weeks. Health and safety remains our main priority, and a number of strict measures will be put in place to protect our staff and customers. Our offices in Scotland and Wales will continue to support customers from home. Visit our branch page to find contact details for your local office.

NatWest/RBS extends cap to BTL lending

NatWest/RBS extends cap to BTL lending

Natwest Intermediary Solutions has introduced a new loan-to-income (LTI) cap for its buy-to-let mortgage range.

The cap, to be introduced from 14 July, will be set at 4.99 times LTI per application, for all BTL business.

This will bring NatWest Intermediary Solutions in line with all other RBS and NatWest mortgage channels.

NatWest said it places a strong focus on affordability and responsible lending, and will help safeguard its customers

It is introducing the buy-to-let LTI cap to make it consistent with its residential lending policy.

The maximum loan-to-value for buy-to-let mortgages will remain at 75%, as will its maximum loan size of £500,000. All other criteria are unchanged.

The new policy will also be introduced on the same date to buy-to-let mortgages from RBS Intermediary Partners and RBS and NatWest mortgages available through the retail channels.

RBS, Santander and Lloyds have all introduced mortgage caps on residential lending in recent weeks, to curb fears over soaring house prices.