NatWest announces Mortgage Market Review policies
NatWest Intermediary Solutions has announced that they will be Mortgage Market Review compliant from 15 April.
The lender has made a number of changes to their acceptance criteria, including the withdrawal of their parental guarantor mortgages. This makes it even harder for parents to help their children onto the property ladder.
They are also pulling out of the regulated buy-to-let mortgage market where a property is let out to an immediate family member.
NatWest will also be asking some applicants more mortgage affordability questions. They will expect to be told about any unusual upcoming bills or charges, including property related costs. Surprisingly, they may want to know about future career related qualification debts.
March 21, 2014
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