NatWest Intermediary Solutions is now accepting applications from homebuyers who will be using the government’s FirstBuy shared equity scheme.
FirstBuy, which was launched last month, offers successful applicants an equity loan as a deposit of up to 20% of the value of a new build property.
Homebuyers applying for a mortgage from NatWest Intermediary Solutions using the FirstBuy scheme will need to finance a minimum deposit of 5% of the net property value from their own funds in addition to the 20% loan from the scheme.
NatWest Intermediary Solutions offers a mortgage that is specifically for applicants using a government-backed shared equity scheme.
Mark Bullard, head of sales at NatWest Intermediary Solutions, said: “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.