NatWest and Royal Bank of Scotland commit to 95% mortgages
NatWest and Royal Bank of Scotland are launching a new mortgage product for home buyers with a deposit below 10%.
22 November 2016

The new mortgage product will be open to everyone eligible under the government scheme.
The government’s Help to Buy: Mortgage Guarantee finishes at the end of the year. NatWest and Royal Bank of Scotland were among the first providers to offer mortgages through the scheme and, following its success, are committed to continuing to help first-time buyers and those buying their next home.
The new mortgage product will be open to everyone eligible under the government scheme as well as those looking to buy a second home. The maximum home value remains at £600,000.
The government scheme was most popular with first-time buyers with four in five (79%) applications from customers making their first steps on the property ladder. On average a NatWest first-time buyer pays £216k for their home and Royal Bank of Scotland first-time buyer pays £137k.
Lloyd Cochrane, Head of Mortgages said:
“Buying your first home is a huge moment for our customers and we are committed to doing everything we can to help people realise that ambition.”
The rates available are the same as under the government scheme ranging from 3.69% to 4.59%. The new mortgage product is open to customers from 22 November 2016.
Disclaimer
Your home may be repossessed if you do not keep up repayments on your mortgage.
This is article is for media use only and is not a financial promotion.
Posted In
Related articles
NatWest, Royal Bank of Scotland and Ulster Bank NI have announced that customers can now use Android Pay across the UK’s 400,000 contactless payment terminals.
NatWest, Royal Bank of Scotland and Ulster Bank NI have announced their Standard Variable Rate (SVR) for mortgages will be reducing by 0.25% in line with the Bank of England base rate reduction, bringing the rate for customers from 4.00% down to 3.75%.
Latest news
RBS has today committed to helping 2.5 million people in the UK each year to improve their financial capability.
RBS has executed a £1.1bn securitisation deal with Macquarie Infrastructure Debt Investment Solutions (MIDIS), which will allow the bank to recycle capital and increase lending to the sustainable or renewable energy sectors.
RBS has today announced a new £1 billion in funding through NatWest to support female entrepreneurs in the UK to scale and grow – the largest intervention by a UK lender focused specifically on female-led businesses.
We’re now NatWest Group
Come and visit us for all our latest news, insights and everything NatWest Group.