Royal Bank of Scotland and its NatWest arm have stopped offering mortgages to expatriates living in the UK. The new stipulation would mean that from 19 May, applicants must be resident in the UK in order to be eligible for a mortgage with NatWest or RBS. NatWest and RBS said they would no longer offer mortgages to expats, which included those expat customers requesting additional borrowing. However, applications will still be considered from serving members of the armed forces, UK diplomats and UK consular staff. Many of the banks’ international divisions still offer expat mortgages, as do many UK private banks and some building societies.
