“Earlier this year, we revealed that Royal Bank of Scotland lender Natwest was provoking adviser ire with new affordability tests that went well beyond the demands of the regulator under the Mortgage Market Review.
In particular, the bank was one of several cited for refusing a remortgage request for a couple who were downsizing their loan and thus reducing their borrowing, in the process disregarding the transitional rules the sector had fought for that were designed to prevent such perverse outcomes.”
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