NatWest Intermediary Solutions has increased its maximum loan-to-value (LTV) for remortgage applications with additional borrowing – excluding Unsecured Debt Consolidation.
The move aims to underline its support for customers looking to release capital from their home, subject to current criteria, and sees the lender return its maximum LTV to 90%, up from 80%.
If any element of the loan request is to consolidate debts, then the maximum LTV remains at 80%.
Secured borrowing and second charges, including shared equity and ownership staircasing requests, are not considered debt consolidation, and can be offered up to 90% LTV.
If following the property valuation the LTV exceeds 80% and debt consolidation has been requested, the loan amount will return to below 80% LTV.
Luke Christodoulides, head of corporate accounts, said: “We are consistently reviewing our proposition at NatWest Intermediary Solutions to ensure we can support a wide variety of customer types.
“This move highlights our support for the higher LTV market, and we’ll continue to demonstrate this support in the near future.”