NatWest allows buy-to-let additional borrowing
These changes follow on from its launch of two new simplified indication calculators and a lower stress rate of 4.5% for five-year products.
These changes follow on from its launch of two new simplified indication calculators and a lower stress rate of 4.5% for five-year products.
Alongside the new launches, NatWest is making swathes of rate changes.
Accord Mortgages has enhanced its buy-to-let criteria, removing the need for landlords to have a minimum background income of £25,000.
“With the products we have announced today our borrowers, whether buying or remortgaging, have access to a competitive rate for five years."
Within the lender’s new business range it is making several changes.
Lenders who have brought in increases recently include NatWest, Nationwide, and TSB, just today.
Santander has made rate increases and reductions across its product ranges.
Barclays has made a number of rate cuts and increases across its product lines.
“As one of the first specialist lenders to enter the ‘Green’ mortgage market, we remain committed to innovating ‘Green’ product options for both landlords and owner-occupier borrowers."
The lender, which is part of the Yorkshire Building Society, will also cut rates across its BTL range, by as much as 24 basis points.