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NatWest is reintroducing a range of 90% LTV residential purchase mortgages to enable customers with smaller deposits to own their own home.
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From 16 December, the bank will be reintroducing 90% LTV products for its NatWest and Royal Bank brands.
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The bank will be one of the first lenders to offer this for both first-time buyers and existing homeowners.
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There are four new products, across the purchase range which will benefit customers looking to take a 2 or 5-year purchase deal with an LTV of 90%.
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Gary Sutherland, head of mortgages and protection at NatWest, said:“We are committed to helping people through the home buying journey, whether that’s customers’ moving house or taking their first step on to the property ladder.
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“For first-time buyers, raising a deposit is still the biggest challenge.
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“By reintroducing our 90% offering, we are pleased to be able to expand our support for the market to include both home movers and first-time buyers, making it easier to take their first step onto the housing ladder.”
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This follows the announcement of NatWest’s first ever green mortgage, which offers a discounted interest rate to customers purchasing a property with an energy efficiency rating of A or B.
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By Jessica Nangle
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Source: https://uk-mortgagebroker.co.uk/news/
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