NatWest to accept FirstBuy applications
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NatWest Intermediary Solutions will accept mortgage applications from borrowers participating in the government’s FirstBuy scheme, it has announced.
Housing minister Grant Shapps launched the scheme, which offers first-time buyers a 20% equity loan on a new-build property to supplement a 5% deposit of their own, last month.
NatWest Intermediary Solutions says it offers a mortgage that is specifically for applicants using a government-backed shared equity scheme.
Mark Bullard, head of sales at NatWest Intermediary Solutions, says: “I am really pleased that we are able to announce the continuation of our support for the government’s shared equity scheme programme as it underlines our commitment to helping people to purchase their first property.”
He adds that NatWest has supported the first-time buyer sector by accepting applications from previous shared equity schemes such as HomeBuy Direct and LIFT.
Ross Bowen, mortgage services director at Connells, says: “It’s great to see that NatWest Intermediary Solutions is continuing to commit much needed support to first-time buyers.
“We see a lot of clients up and down the country who are crying out for help to raise the necessary deposit. This scheme and those lenders that support it will make a difference to many of our first-time buyers.”
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