NatWest allows buy-to-let additional borrowing

Essex Home Finance
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.
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NatWest has stated that new and existing buy-to-let landlords will be able to apply for additional borrowing.

The bank said additional borrowing can be used for any legal purpose other than gambling; any form of business purpose (i.e. start up for a new business) and any form of unsecured debt consolidation.

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 and like-for-like remortgages.

Luke Christodoulides, head of corporate accounts at NatWet, said: “We’re pleased to further support the buy-to-let market and help customers with their additional borrowing needs.

“These changes follow on from the simplifications we made to our buy-to-let proposition earlier this year and shows our commitment to this important market sector.”

Original Article from Best Advice 12/12/21

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Essex Home Finance

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Address : 8 Kingsdale Business Centre, Regina Road, Chelsmford, Essex, CM1 1PE

Essex Home Finance Ltd is an Appointed Representative of Mortgage Intelligence Ltd which is authorised and regulated by the Financial Conduct Authority under number 305330 in respect of mortgage, insurance and consumer credit mediation activities only.

Registered address: 1 High Street, Chelmsford, Essex, CM1 1BE.

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