NatWest International Mortgages Changes Criteria For UAE Residents
In a recent update to its lending policies, NatWest International, the international lending arm of NatWest bank, has announced the lifting of previous restrictions on mortgage applications from clients residing in the United Arab Emirates (UAE). Effective immediately, NatWest International is once again accepting mortgage applications from UAE residents for mortgages of £100,000 or more. This decision comes as welcome news for people looking for mortgage financing in the UK but residing in the UAE, providing them with increased access to NatWest International mortgage’s comprehensive suite of mortgage products and services. In this article we will go through NatWest International Mortgage criteria for clients residing around the world and mortgaging property in the UK.
NatWest International Mortgages Criteria Changes
In an email to our brokers at Oportfolio mortgages, NatWest International announced several further criteria and policy updates. In addition to this change in UAE acceptance criteria, NatWest International also unveiled an enticing re-mortgage cashback offer aimed at incentivising customers to switch to their mortgage services. For clients opting to re-mortgage to NatWest International from another lender through their mortgage broker for either buy-to-let or residential mortgages, the bank is offering a generous cashback of £749 upon successful completion of the mortgage.
What Countries Does NatWest International Mortgages Service?
Also, NatWest International made it clear that it extends its mortgage services to clients residing in various countries worldwide, including Bahrain, Bermuda, Canada, Denmark, France, Germany, Hong Kong, Kuwait, New Zealand, Norway, Oman, Qatar, Singapore, Sweden, Switzerland, the United Kingdom, and the United States of America. However, it is important to note that certain mortgage products may be available on a limited basis in some regions due to local regulatory and legal requirements.
While NatWest International aims to expand NatWest Bank’s already strong mortgage propositions to clients globally, it is essential to highlight specific limitations in certain jurisdictions. Not all countries are covered by NatWest International yet. For instance, the bank is unable to offer mortgage assistance to Chinese nationals in China and Indian nationals in India. Similarly, detailed information regarding mortgage services for Singaporean clients can be found through specified channels provided by NatWest International. So if you are looking for a UK mortgage and reside in China, India, or Singapore then you will not be able to currently secure a mortgage through NatWest International.
Speak To A Mortgage Advisor
So, if you or anyone else you know is residing in a country other than the UK and looking for a UK mortgage, then it is clear that you need to speak to a professional to help you to navigate the mortgage market. NatWest International Mortgages is a great place to start looking with the help of a qualified and knowledgeable mortgage broker. At Oportfolio, this is our speciality. Call or email our team today to see how we can help you to secure a new mortgage. We are here to help.
