Published • loading... • Updated
NatWest Mortgage Rule Change Announced - Eligibility
The move lets some couples borrow up to £975,000 as lenders compete for affluent buyers and seek to revive housing activity.
- NatWest has raised its maximum loan-to-income ratio to 6.5 times for joint applicants earning above £150,000, enabling borrowers to secure up to £975,000 instead of £750,000.
- This update marks the fourth occasion this year NatWest eased lending requirements as major banks battle intensely for affluent borrowers amid a housing market recovery following years of elevated borrowing costs.
- Sarah Fox-Clinch, director at Fox Davidson, called the 75% LTV move a "positive step," while Ranald Mitchell, director at Charwin Mortgages, described it as "exactly the kind of modern lending criteria the market needs."
- Hannah Vandervennin, director at The Mortgage Consultancy, cautioned that the 25% deposit requirement still prevents many buyers from accessing higher limits, while affordability remains driven by rates and confidence.
- Riz Malik, an independent financial adviser at R3 Wealth, stated banks are "trying to pull out all the stops to get Britain moving," though regional impact remains concentrated in London.
Insights by Ground AI
11 Articles
11 Articles
Get Surrey+2 Reposted by 2 other sources
NatWest mortgage rule change announced - eligibility
NatWest has introduced a significant new offer
·Surrey, United Kingdom
Read Full Article
NatWest update as it launches new £150,000 offer – eligibility
NatWest has introduced new changes for some lenders Homebuyers are being presented with a new offer from NatWest. Brits with substantial salaries could now secure significantly larger loans from NatWest following the lender’s announcement of a major overhaul to its mortgage criteria targeting higher earners. The bank has raised its maximum loan-to-income ratio for joint applicants earning above £150,000, enabling some borrowers to obtain mortgag…
Coverage Details
Total News Sources11
Leaning Left1Leaning Right2Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
14%
C 57%
R 29%
Factuality
To view factuality data please Upgrade to Premium
