NatWest withdraws residential products over 80% LTV

NatWest is the latest firm to place a cap on high-LTV mortgage lending amid the Covid-19 outbreak.

Related topics:  Mortgages
Rozi Jones
1st April 2020
NatWest

NatWest has temporarily withdrawn all residential mortgage products above 80% LTV.

For existing applications, the bank said that the supporting documentation for online applications must be received at its mortgage centre in Birmingham by close of business on Tuesday 14 April.

Last week, NatWest withdraw its residential and buy-to-let purchase and remortgage tracker product ranges in response to the second Bank Rate cut from 0.25% to 0.10%.

NatWest has reduced its standard variable rate following the interest rate cut, which is now 3.59% for residential deals and 4.09% for buy-to-let deals.

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