NatWest has withdrawn its Help to Buy shared equity purchase products today (6 March).
The move comes as the government winds up the affordable home ownership scheme at the end of this month in England after ten years.
The high street bank has withdrawn these residential Help to Buy: shared equity products:
Two-year fixed rate purchase
- A 60% loan to value loan at 4.73%, with a £995 product fee and £250 cashback
- A 60% LTV loan at 4.99%, with no product fee
- A 75% LTV loan at 5.09%, with no product fee
- And a 75% LTV loan at 4.78%, with a £995 product fee and £250 cashback
Five-year fixed rate purchase
- A 60% LTV offer at 4.29%, with a £995 product fee and £250 cashback
- A 60% LTV offer at 4.53%, with no product fee
- A 75% LTV offer at 4.34%, with a £995 product fee and £250 cashback
- And a 75% LTV offer at 4.63%, with no product fee
The bank says online mortgage illustrations submit applications online for existing deals ended on 3 March.
But brokers who were unable to submit an online application due to a technical issue that could not be resolved over the phone must have emailed their business development managers by noon on 6 March.
Requests received after this time will not be considered.
There are no changes for existing customers or to end dates, the bank says.
