The Help to Buy scheme is open to all intermediaries and NatWest has two shared equity mortgage deals available for applicants.
This is a two-year fixed rate at 3.15 per cent, and a five-year fixed rate at 3.59 per cent, both with no product fees.
Mark Bullard, head of sales for NatWest Intermediary Solutions said: “Schemes that give first-time buyers a helping hand are welcome and we are pleased that we will be participating in both the Help to Buy and NewBuy schemes.
“We have been an active supporter of previous shared equity schemes and have had products specifically designed for this sector. We have continued to support the first-time buyer market with the 90 per cent LTV deals available in our range and criteria such as accepting gifted deposits and allowing multiple applicants.”
Background
The NewBuy scheme is available to those intermediaries that are on the selected panels of participating builders and developers.
NatWest is writing to all intermediaries who are on the participating builders’ and developers’ selected panels to inform them that they can now submit applications using the NewBuy scheme, outlining the processes they need to follow.
