NatWest has introduced the ability to apply for additional borrowing alongside product transfers to brokers.

The lender launched into product transfers in December 2017 and says this is the main additional feature brokers have asked to be introduced.

Additional borrowing will be underwritten prior to the product switch with a minimum extra sum of £10,000 and a maximum of £500,000 applying.

Borrowing is for a minimum of three years and a maximum of 35 years.

Borrowers up to 70 years old can apply.

NatWest Intermediary Solutions head of intermediary mortgage Graham Felstead says: “I’m delighted we are adding additional borrowing to our product transfer process and believe this further demonstrates our commitment to the market. We are constantly reviewing our proposition and product offering, as well as listening to broker feedback to ensure our approach best suits brokers and their customers.”