NatWest has launched a range of Help to Buy shared equity remortgage products so customers will now be able to remortgage without having to pay off their shared equity loan at the same time.
The range comes with £500 cashback which will help customers to pay the scheme fees associated with moving lenders. NatWest will also provide customers with a solicitor to help them through the process.
There’s a 2-year 60% loan-to-value product rate of 1.85%. Customers will also be able to benefit from a paperless application process which can be carried out entirely online from the comfort of a customer’s home.
Lloyd Cochrane, director of mortgages NatWest, said: “We are committed to helping customers purchase their home and have been a great supporter of the government scheme since the very beginning.
“The new products ensure we continue to help new and existing customers benefit from the right mortgage.”
The products cover mortgages for properties in England for which the scheme was designed.