NatWest to offer Help to Buy for intermediaries

Fri, 20 Dec 2013

NatWest to offer Help to Buy for intermediaries
NatWest Intermediary Solutions will launch products for the Help to Buy mortgage scheme for the first time from January.

The bank has not yet revealed its pricing and product details for the new products, but they are expected to be revealed in the new year.

NatWest - and its parent brand the Royal Bank of Scotland - had previously bucked the trend by limiting Help to Buy products to direct channels when its first mortgages were launched in October.

Graham Felstead, head of intermediary mortgages at NatWest, said: "We have actively participated in the government's previous mortgage schemes helping thousands of first-time buyers to secure their first properties."

"I am, therefore, delighted that we will continue our support for intermediaries in 2014 with the introduction of specific 95 per cent LTV mortgages for their clients," he added.

The government-guaranteed mortgage scheme offers aspirant first-time buyers the opportunity to get on the housing ladder with just a five per cent deposit. It has been met with mixed reviews by financial analysts, as some consider it to have the potential to cause a housing bubble.
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