NatWest has launched a collection of further borrowing loans permitting current clients to use for additional money exterior of their product switch window and “at any time during their mortgage time period”.
The lender says the supply strikes on from the earlier system, the place clients have been solely allowed to use for further borrowing during a acknowledged four-month roll-off window.
Its present further borrowing loans vary between a minimal of £10,000 and a most of £500,000.
Customers can apply for a standalone further borrowing mortgage as soon as they’ve made their first mortgage cost. Brokers will discover an further borrowing calculator on the lender’s middleman hub to information purchasers on how a lot they’ll borrow.
The financial institution provides that it has made a number of different enhancements to its dealer hub that embody:
NatWest Group head of middleman distribution, dwelling shopping for & possession Nadine Edwards says: “We make immediately’s announcement to put brokers proper on the coronary heart of our dwelling possession development technique.
“By making further borrowing accessible exterior the present roll-off window, we’re enabling and empowering brokers to ship a bespoke service to their clients.”
