NatWest expands BTL additional borrowing criteria | Mortgage Strategy

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NatWest is now allowing landlords to apply for additional borrowing for any legal purpose other than gambling, any form of business purpose, and any form of unsecured debt consolidation.

The bank is also on the short list of lenders who require no minimum income threshold for small landlords, which includes Accord, Birmingham Midshires, The Mortgage Works and Coventry Building Society.

Separately, NatWest has announced rate increases of up to 10 basis points across its new business purchase two-year deals.

It has also upped rates for its shared equity and Help to Buy shared equity purchase products by up to 15 basis points across its two-year deals and 9 basis points on its five-year mortgages.

And rate increase of up to 10 basis points have occurred on its green purchase and remortgage deals.


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