NatWest pull mortgage products above 80% LTV
NatWest has temporarily removed all new mortgage products above 80% LTV.
The move is a response to the coronavirus pandemic, which has resulted in surveyors being unable to value properties.
This is a continuing trend among lenders as many have already removed products and capped LTVs at the higher tiers.
A NatWest spokesperson said: “At NatWest we are actively monitoring the evolving impact of the coronavirus outbreak, with the safety and wellbeing of our colleagues, customers and communities being our main priority.
“Therefore we have made the decision to temporarily pause our offering of all new business mortgage products above 80% LTV. Please continue to visit our website for further updates.”