NatWest Intermediary Solutions has temporarily stopped directly authorised intermediary firms from accessing its corporate range of mortgage products.
The change, which took effect from yesterday, means DA firms will now only have access to the lender’s core mortgage range.
The corporate range is now available only to appointed representatives of Sesame, Legal & General, Mortgage Advice Bureau, First Complete, Pink, Personal Touch Financial Services, Intrinsic, Mortgage Next, Mortgage Intelligence, Countrywide, Connells and Openwork.
A spokesman for NIS says the lender took the decision to restrict DA access to the range due to a period of volatility that has seen a number of lenders have increased the price of their mortgage products.
He says: “We will continue to monitor and review the firms that will be able to access our corporate range and will consider widening access to it if market conditions allow us to do so.
“We are currently operating in a rapidly changing market and have to make sure that we are able to manage and control the volume of business we receive to preserve our service standards. We will continue to take a measured approach whilst these conditions persist.”