Mortgage News
NatWesthavelaunchedarangeof SharedOwnershipMortgagesforthe firsttime.
Thebankwillallowcustomerstoborrow tofundpurchasesfromaminimumofa 25%share,whilepayingrentonthe proportionofthehousethattheydon’t own.
Overtimecustomershavetheoptionto purchaseadditionalsharestoincrease theirshareoftheproperty.
Sharedownershipmortgageswillbe availabletocustomersmakingnew purchasesandremortgaging,inclusive ofstaircasingscenarios.Shared ownershipmortgageswillinitiallyonly beavailableexclusivelyviamortgage brokers.
NatWest’ssharedownershipborrowing isn’tlinkedtoanyofthelender’s individualproductsandisavailableon mortgagessuchasupto95%loan-tovalue(LTV)onnewbuildsandthegreen fixedrateoption.
Sharedownershipmortgage customerswillalsobeabletoapply foradditionalborrowingaftersix successfulmortgagepayments.
Additionalborrowingwillbeinitially limitedforstaircasingpurposes only.
NatWest Group head of mortgages Lloyd Cochrane says:
“We want as many of our customers as possible to be able to buy their own home. Today’s launch of Shared Ownership mortgages means we are bringing more choice for customers who are thinking about the ways in which they can get on the housing ladder.”
Ownership
Natwest Increase Maximum LTV for New Build & Interest Only Improvements
Improvements to Loan to Values for both New Build properties and Interest Only mortgages
Natwestaredelightedtoannouncetwoimportantchangestotheirlending criteria,designedtosupportyourcustomersandhelpyouofferevengreater value.
HelpingmorecustomerspurchasetheirdreamNewBuildhome–Natwest understandthatmanyaspiringhomeowners,particularlyfirsttimebuyers,can finditchallengingtosaveforalargedeposit.That’swhytheyareincreasingtheir maximumloantovalues(LTV)forNewBuildproperties:
Houses:MaxLTVincreasedfrom90%to95%.
Flats:MaxLTVincreasedfrom85%to90%.
For more information click below
EnhancedoptionsforInterestOnlycustomers–Natwesthavealsomadeit easierforcustomersseekingInterestOnlymortgages,withincreasedLTVs acrossarangeofrepaymentstrategiesandcustomerscenarios:
InterestOnly(SaleofMainResidenceasRepaymentStrategy):MaxLTV increasedfrom50%to75%.
InterestOnly(OtherInvestmentsasRepaymentStrategy):MaxLTV increasedfrom75%to80%.
PartandPart*(allrepaymentstrategies):MaxLTVincreasedfrom75%to85% (75%InterestOnly/10%CapitalandInterest).*Acombinationofbotha repaymentandaninterest-onlymortgage
One Savings Bank Launch
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It’stimeforyoutostartacceptingproducttransferoffersonbehalfofyour clients.It’simportantyouunderstandwhatyou’llneedtododifferently,as yourclientwillnolongerbeacceptingtheoffer.
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House-pricesshowedunexpectedstrength:HalifaxreportedUKhouse pricesrose0.6%inOctober,thefastestmonthlyincreasesinceJanuary 2025bringingtheaverageto~£299,862.Annualgrowthstoodat~1.9%.
Interest-rateoutlookimproving:TheBankofEnglandheldthebaserateat 4.0%on6November,withanarrow5-4vote.Marketsincreasinglyexpecta cutinDecemberprovidingwelcomenews forfutureborrower-costsaswe moveinto2026.
Low-depositdealsgettingcheaper:DatafromMoneyfactsshowedthe numberof90%and95%LTVtwo-yearfixesreachedthehighestsince 2008;ratesforthosedealsdroppedto~5.24%and~5.41%respectively.
Areviewofincome-protectionprovidersintheUKthisweekbyMyTribe listedthetop-ratedinsurersfor2025,WithLV,Aviva,TheExeterandRoyal Londoninthetop4,underscoringthattheincomeprotectionmarketis maturingandyouraccesstoqualityinsurersishighlyvaluedwith
