NatWest is to increase its cap on the total number of buy-to-let properties a landlord borrower can own from four to ten.
The cap increase is one of a host of buy-to-let policy changes to be introduced on 14th March.
The maximum allowed aggregate customer borrowing is also to be increase from £2m to £3.5m.
The current minimum income of £50,000 for aggregated borrowing over £1m is being removed, with all borrowers instead needing to meet the standard buy-to-let minimum income of £25,000.
NatWest Intermediary Solutions service development manager Sarah Taylor says: “This important step will simplify our buy-to-let policies and means we can be there for a wider customer range in what is a growing market.”
