NatWest withdraws HTB shared equity purchase products Mortgage Strategy

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NatWest has announced it will withdraw Help to Buy (HTB) shared equity purchase products, effective from 6 March. 

For new customers, NatWest has withdrawn two-year fixed-rate purchase products including the 60% loan-to-value (LTV) at 4.73% with a fee of £995 and cashback of £250. 

Other two-year fixes being withdrawn include the 60% LTV at 4.99% with no fee, the 75% LTV at 5.09% with no fee and the 75% LTV at 4.78% with a fee of £995 and cashback of £250.

The lender is also pulling five-year fixed rate purchases from the same range, including the 60% LTV at 4.29% with a product fee of £995 and cashback of £250.

The 60% LTV with a rate of 4.53% and no fee is also being withdrawn alongside the 75% LTV at 4.63% with no fee. 

NatWest says there will be no changes for existing customers. 

At the end of February, the lender cut rates across its new business range by up to 16 basis points for home purchase and 31bps for remortgage products.


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