NatWest criticised for handling of lending review

Professional Adviser
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Charcol has criticised NatWest for the handling of its decision to curb lending rates, which was...

Charcol has criticised NatWest for the handling of its decision to curb lending rates, which was announced earlier this week. Charcol officials say they understand the decision but are concerned that Natwest had failed to communicate it to customers and intermediaries. In contrast, Charcol pointed out Alliance & Leicester adopted a similar policy a few months ago, restricting the maximum 95% loan in London and some of the Home Counties to £100,000, but it was open about its change in criteria. Ray Boulger, senior technical manager at Charcol, says: "It is important that le...

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