NatWest to offer cashback deals for first-time buyers

John Hewitt Jones

August 4, 2016

NatWest

NatWest Intermediary Solutions has launched a range of two-year and five-year fixed rate cashback mortgage deals for first-time buyers.

Customers will receive a cashback payment of £500 on completion of their mortgage.

The new deals come following the introduction of Natwest’s new 60%, 70% and 75% LTV help-to-buy shared equity mortgages.

Mark Bullard, head of sales, NatWest Intermediary Solutions said: “Cashback has been a growing feature on first-time buyer mortgages since the end of 2014, with 40% of first-time buyers opting for a cashback mortgage in 2016.

“As part of our commitment to support first-time buyers, we believe that the addition of cashback, alongside our Help to Buy, shared equity and other first-time buyer mortgages offers brokers a really comprehensive choice for their customers.”

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