NatWest automated loan approval

5th June 2017

Recently NatWest announced plans to launch a new automated lending process that aims to provide credit-approved decisions in as little as 45 minutes for property investment and development companies.

The automated process will be accessible for customers applying to borrow up to £2 million for commercial and residential investment and residential development.  Once the loan is approved, the bank’s panel surveyors will undertake the property valuation within a maximum of 10 days and, in certain circumstances, customers will be free to use their own solicitors which will reduce the time it will take to drawdown funds from months to weeks.

This latest development is an important example of how FinTech and automation will change the face of banking in the near future.

Should you need any advice or support on commercial borrowing, our banking team – complemented by our Commercial Property department – is well placed to assist, with extensive experience of property investment and development transactions.

Enjoy That? You Might Like These:

articles

Registering pre-existing security affecting acquired property
26 May
Lenders may address the risks in their loan documentation when an existing customer transfers assets or property to a new owner, and the lender is asked to confirm existing security... Read More

newsletters

Finance Focus – April 2026
14 April
We are delighted to launch our refreshed newsletter Finance Focus. This provides updates on the team’s recent transactions, regulatory developments and market trends shaping the Banking and Finance sector. In... Read More

articles

Houssein v London Credit Ltd: default interest, penalty rules and lender risk
10 April
A key court ruling confirming that lenders can charge higher interest after a default, as long as the rate is commercially justified and not simply a punishment for borrowers. Read More
Click here for more Insights