Editor's note: This brief was summarised by The Property AI Team from a report by This Is Money Mortgages. Read the original article for full details. Many UK teams now handle this with dedicated property inventory software.
NatWest to Offer Mortgages Up to 6.5 Times Salary
NatWest is increasing its mortgage lending cap for certain borrowers to 6.5 times their salary, according to a report by This Is Money Mortgages. Traditionally, banks have limited mortgages to 4.5 times the borrower's salary.
This change could impact affordability assessments and borrowing potential for some applicants. Letting agents and inventory clerks may wish to monitor how this development affects demand in the UK property market.
Source: This Is Money Mortgages