West Brom building society has introduced remortgage deals specifically for customers who purchased their home under the government’s Help to Buy: Equity Loan scheme.
The provider has a selection of fixed rate mortgages over two, three and five year terms where the equity loan is retained. They are available directly from the West Brom or via its intermediary partners.
All products are at a loan to value ratio of up to 75 per cent and come with a free valuation and £500 cashback.
West Brom head of intermediaries Richard Scott says: “It has been five years since Help to Buy was first introduced. This means many borrowers are facing important decisions regarding both their equity loan, which now becomes interest bearing, and their original mortgage deal.
“The West Brom has a proven commitment to helping people secure a property of their own. Entering the remortgage market for Help to Buy will enable us to broaden our appeal to an increasing number of borrowers.”