NatWest launches two 95% LTV products to fill Help to Buy void
NatWest Intermediary Solutions has launched two 95% loan-to-value mortgages to replace its Help to Buy mortgage guarantee products.
The new rates are a 2-year fix at 3.69% and a 5-year fix at 4.59% with no product fee for customers purchasing a house to live in.
The Help to Buy mortgage guarantee scheme will expire at the end of the year.
Mark Bullard, head of sales at NatWest Intermediary Solutions, said: “We were keen to continue to support those customers who have a smaller deposit.
“We have launched these products now, before the scheme ended, to give brokers the certainty that they can carry on catering for those of their customers who are likely to want a higher LTV mortgage.”
New builds cannot be purchased with the mortgage, as NatWest has a specific range of deals to support customers buying through the Help to Buy shared equity schemes.