NatWest are set to launch Help to Buy mortgages.
NatWest Intermediary Solutions has announced that it intends to join the Help to Buy mortgage guarantee scheme this month with the launch of a range of products. Specific product details have yet to be released however a mid month launch date is expected.
The Royal Bank of Scotland, NatWest’s parent company, entered the scheme at the end of last year joining several other lenders such as the Halifax, Aldermore and Virgin. It is understood that both Santander and the OneSavingsBank are also due to launch Help to Buy mortgage products.
The scheme is producing a mixed set of reactions.
On the upside it is enabling lower deposit buyers to climb on the property ladder, however there is a downside. Since the scheme's launch house prices have started to climb, which is not necessarily good news. Rising house prices may work for those already in their own home however for those yet to buy, the news is not so positive.
If you are looking to climb on the property ladder you are recommended to search for a deal through an independent mortgage expert.
There are more mortgage on offer than just Help to Buy, and some lenders have recently released products in direct competition to products offered under the scheme.
By seeking advice before accepting an offer, you can be assured you end up with the best product for your financial needs and deposit level.
For independent mortgage advice and a low rate quote,
call Deal Direct on 0800 048 8828
