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NatWest introduces LTI cap on buy to let mortgages

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  • 11/07/2014
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NatWest introduces LTI cap on buy to let mortgages
NatWest Intermediary Solutions will be introducing a 4.99 times loan-to-income cap per application for all buy-to-let business.

The change to crioteria is effective from Monday 14 July, in line with the rest of the RBS and NatWest mortgage channels.

The lender said: “As a responsible lender, NatWest places a strong focus on affordability and measures to safeguard its customers. This change of policy is being introduced to create greater consistency between buy-to-let and residential lending policy.”

The maximum LTV for buy-to-let mortgages remains at 75% as does the maximum loan size of £500,000.

All other remaining criteria remains unchanged. The new policy will also be introduced on the same date to buy-to-let mortgages from RBS Intermediary Partners and RBS and NatWest mortgages available through the retail channels.

 

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