{"id":655115,"date":"2025-12-26T02:53:19","date_gmt":"2025-12-26T02:53:19","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/655115\/"},"modified":"2025-12-26T02:53:19","modified_gmt":"2025-12-26T02:53:19","slug":"natwest-issues-major-announcement-for-customers-who-are-social-renters","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/655115\/","title":{"rendered":"NatWest issues major announcement for customers who are social renters"},"content":{"rendered":"

The bank has announced the expansion of its ringfenced social rent loan fund\"NatWestNatWest issues major announcement for customers who are social renters<\/p>\n

NatWest is doubling the social rent loan fund to \u00a31 billion in response to strong demand. The bank has announced the expansion of its ringfenced social rent loan fund from \u00a3500m to \u00a31 billion to accelerate the delivery of homes for social rent across the country.<\/p>\n

NatWest, which has branches in Birmingham<\/a>, will hike its pioneering social rent loan fund from \u00a3500 million to \u00a31 billion to boost building of social rent homes across the UK.<\/p>\n

The first to market loan has no arrangement fee and discounted interest margins to support housing associations which are already NatWest customers.<\/p>\n

READ MORE People with driveways urged to spend \u00a330 after UK household earns \u00a34,300<\/strong><\/a><\/p>\n

This \u00a31bn loan offering is part of the bank\u2019s ambition to lend \u00a37.5 billion to the social housing sector to year-end 2026.<\/p>\n

The discount in fees and margin on the \u00a31bn when fully deployed could save the housing association sector up to \u00a350 million of finance costs<\/p>\n

Eligible housing associations which are existing customers of the bank can apply for the social rent loans which are incentivised with discounted interest margins plus no arrangement fee.<\/p>\n

Paul Thwaite, CEO, NatWest Group, said: \u201cInvesting in safe, warm, and affordable housing for families isn\u2019t just about shelter but an important investment in the long-term well-being, education, and economic prospects of children and their parents.<\/p>\n

“With more than 1.3 million households still on social housing waiting lists in England alone, NatWest is committed to the role we can play in supporting the UK social housing sector in any way possible.\u201d<\/p>\n

\u201cThis is why we have pledged to increase our social loan offering to \u00a31bn for our customers to help them build vitally needed social rental properties across the UK as part of our \u00a37.5 billion lending ambition to the social housing sector.\u201d<\/p>\n

David Ball, Chief Financial Officer at VIVID, commented: \u201cNatWest\u2019s new social rent linked loan product gives housing associations the financial flexibility to build more homes at social rent levels.<\/p>\n

“The overall rate discount being offered is an innovative step change that shows NatWest’s commitment to supporting the Government’s Social Rent led agenda.\u201d<\/p>\n

Paul Walsh, Chief Finance Officer at Bromford Flagship, added: \u201cNatWest has been a key strategic funding partner of ours for several years and this deal underlines the strength of their long-term support for us and our sector.<\/p>\n

“The social aspects of this loan clearly demonstrate the alignment of our organisations\u2019 values and strategic objectives.<\/p>\n

“This type of innovative funding structure helps us to deliver much-needed new homes for social rent, the most affordable tenure, whilst continuing to invest heavily in our existing homes and deliver high quality services to customers.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"The bank has announced the expansion of its ringfenced social rent loan fundNatWest issues major announcement for customers…\n","protected":false},"author":2,"featured_media":655116,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7820],"tags":[855,748,393,4884,27237,16,15],"class_list":{"0":"post-655115","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-birmingham","8":"tag-birmingham","9":"tag-britain","10":"tag-england","11":"tag-great-britain","12":"tag-natwest","13":"tag-uk","14":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115783612458607967","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/655115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=655115"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/655115\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/655116"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=655115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=655115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=655115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}