NatWest & RBS announce London HTB rates

NatWest and Royal Bank of Scotland will take another step to help home buyers in London by supporting the Government’s new Help to Buy London scheme when it launches on Monday February 1st.

Related topics:  Mortgages
Rozi Jones
29th January 2016
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Prospective homeowners who take up the scheme will qualify for a Government loan of up to 40% of the property price - up to a maximum value of £600,000. Customers will need to provide a minimum 5% deposit.

Commenting on the launch of the Help to Buy London scheme, Lloyd Cochrane Head of mortgages at NatWest and RBS said:

“With property prices continuing to rise, we understand how difficult it is for people to get on the London property ladder. The Help to Buy schemes have been a help to a great deal of customers facing the prospect of raising a large deposit, so this new scheme for London should open the way for more people to buy their dream home.”

Commenting further, Graham Felstead, Head of NatWest Intermediary Solutions said:

“We have been a long time supporter of the Government’s shared equity schemes and are happy to be able to inform brokers and their customers that we’ll be able to accept applications from London-based customers looking to buy their first home from February 1st. This is a great extension to a scheme which has already had a great impact on first time buyers.”

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