NatWest to launch Help to Buy shared equity remortgage products
Tomorrow NatWest Intermediary Solutions will launch a range of Help to Buy shared equity remortgage products, which may allow customers with another lender to save money by remortgaging to NatWest.
Customers with a Help to Buy shared equity mortgage with another lender will be able to remortgage to NatWest on a like-for-like basis, keeping the same balance and term
Mark Bullard, head of sales at NatWest, said: “We are constantly improving our products to ensure our proposition is the best it can be in current market conditions. Today’s launch demonstrates our commitment to continuous improvement.
“At the same time we’ve taken the opportunity to make some significant rate reduction across our core and semi exclusive range.”
To switch, customers need to notify the Home and Communities Agency (HCA) and, if applicable, the developer lender for consent to change mortgage lender.