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NatWest Intermediary Solutions launches new build products

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NatWest Intermediary Solutions will launch more new build products tomorrow and cut rates for its residential purchase mortgages.

The lender is expanding its shared equity range to include 60, 70 and 75 per cent LTV products, with a choice of product fee or no fee.

NatWest Intermediary Solutions will also let customers contribute a personal deposit of more than 20 per cent of the purchase price.

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The firm is also cutting rates on its 95 per cent LTV Help to Buy: mortgage guarantee scheme deals.

NatWest Intermediary Solutions head of sales Mark Bullard says: “The Help to Buy schemes have proved to have been a valuable gateway for first-time buyers and movers to purchase a new build property.

“These new deals enable customers to put in a deposit of more than 20 per cent alongside the scheme’s maximum equity loan of 20 per cent of the purchase price (maximum 40 per cent in London) giving them and their brokers much more flexibility.”

The lender has cut rates on its residential purchase range by up to 0.41 per cent on its two-year fixed rate deals, and up to 0.16 per cent on its five-year fixes for 60-85 per cent LTV products.

However, the lender has increased rates on its two-year residential purchase and remortgage tracker and buy-to-let tracker deals by 0.20 per cent.

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