NatWest has made changes to its income and packaging requirements and expanded its Green Mortgage eligibility criteria to include some new build developers.
NatWest is making the changes to its income and packaging requirements as it looks to ensure it processes applications for customers wishing to utilise additional incomes such as overtime efficiently and to help to reduce the timescales to provide a mortgage offer.Â
From today (8th August), NatWest will require three months most recent payslips for all employed customers.
From the 8th August, we will require 3 months most recent payslips for all employed customers.
From the 15th August, where customers are using savings/investments to fund a property purchase NatWest will require evidence of the funds. Where the deposit is a gift of funds a gifted deposit letter must be provided.
Foreign national customers are required to pay their deposit from their own funds, this means they cannot use a gifted deposit, and the customer’s visa must have at least six months remaining.
Green products
As part of NatWest’s climate commitments, it has also expanded its Green Mortgage eligibility criteria to include some new build developers.
The Green Mortgage range offers new and existing customers a preferential interest rate for having an energy performance certificate (EPC) rating of A or B.
From today (8th August) customers of the following builders can access a preferential rate from NatWest’s Green Mortgage range without an EPC.
This is for Intermediary customers only and is available in conjunction with eight new build developers.
These builders are:
· Barratt Homes
· Berkeley Group
· Crest Nicholson
· L&Q
· Keepmoat Homes
· Galliard Homes
· Bellway
· CALA Homes
This also includes any subsidiaries of these companies.
