Related topic: Criteria

Brokers are keen to see more criteria flexibility and faster speed to offer from commercial lenders this year.

Vida will now allow intercompany loans as a source of deposit for SPV applications.

The Society has expanded residential lending to support agency workers, benefit income, and drawdown pensions.

The Society has also launched a new interest-only expat buy-to-let two-year fixed mortgage.

The Society has increases its maximum LTV for flats and maximum permitted storeys.

The lender will now consider first-time landlords for HMOs and MUFBs and has increased its maximum loan size.

The criteria revamp is designed to make complex cases easier to place.

The lender has removed the minimum equity requirement and raised the maximum LTV.

NatWest has also launched a dedicated WhatsApp channel to support mortgage brokers and intermediaries. 

New rates will now start from 4.38%.