Help to Buy mortgages are launched by RBS and NatWest.
RBS and NatWest have launched Help to Buy mortgages which are available today for up to 95% LTV from 4.99%.
While Help to Buy products were initially restricted to new build property only, the second stage of the scheme has been rolled out to include older as well as new property.
If you are looking for a Help to Buy mortgage, RBS and NatWest have launched a 2 year fix at 4.99% and a 5 year fix at 5.49%. Both deals are on offer fee free and applications can be accepted from today.
While Help to Buy mortgages are being hailed by some as the answer to lower deposit buyers dreams, a review of the rates and fees shows that the mortgages offered aren't as cheap as you might expect. The 15% guarantee being offered to lenders by the Government doesn't seem to be doing much to ensure more competitive rates.
Before accepting any offer, whether you are looking at Help to Buy or a standard mortgage, you are strongly advised to make a mortgage comparison of the whole market to find the best possible mortgage offer.
There are dozen of UK mortgage lenders offering hundreds of products, and to settle on one without reviewing all your options could be a mistake.
Therefore enlisting the services of an independent 'whole of market' mortgage expert makes sense when looking for the most competitive and affordable deal for your circumstances.
For impartial advice and a low rate mortgage quote call Deal Direct.
Speak to an expert today on 0800 048 8828.
