Mortgages for Business is committed to keeping both our staff and clients safe during the COVID-19 outbreak while maintaining the best service possible. Our teams are working from home, but don’t worry, you can still contact us in the usual ways.
To read our comprehensive FAQ guide on how the emergency interest rate reduction and Coronavirus outbreak could affect your mortgage, please click here.
If you want to request a payment holiday, please contact your lender directly. For lender contact details, click here.

NatWest raises loan to income cap on loans under 85% LTV

Just six weeks after cutting them, NatWest Intermediary Solutions has increased its maximum loan to income (LTI) caps on residential loans under 85% LTV.

NatWest reduced its maximum LTI on loans of 75% LTV or less, from 4.99 to 4.45 times income in October this year. Loans that fell between 75.01% and 85% LTV were reduced from 4.49 to 4.45.

As from today, however the following now applies: loans of 75% LTV or lower will have a maximum LTI of 4.85, loans between 75% and 85% LTV will have a maximum LTI of 4.75 and loans of up to 90% LTV will remain at 4.25 LTI.

The new LTI caps are effective as from today. All loans submitted yesterday will be subject to the old LTIs.

A note to brokers from NatWest Intermediary Solutions, said:

“We use a number of measures to assess customers’ affordability through our online affordability calculator, with the loan-to-income amount being one of them.

“The loan to income change will be incorporated into the calculator and applied automatically.”

Author

NB: ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Get in contact with us: 0345 345 6788 or ...

Submit an enquiry
Arrange a call back