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.”