NatWest and Royal Bank of Scotland are improving support for first time buyers. This launch follows the introduction of a number of new 60%, 70% and 75% LTV Help to Buy shared equity mortgages last week.

Commenting on the launch of these new mortgage deals, Head of Mortgages and Protection Lloyd Cochrane said:

'Buying your first home is the biggest single purchase that most of us make in our lifetime. Cashback can make a huge difference to customers to help with the additional costs associated with buying a home such as legal fees or to allow them to buy something special for their new property. This is a another way we are helping customers get a foot on the property ladder at a time when it is more difficult then ever before to do so'.

Mark Bullard, Head of Sales, Intermediary Solutions said: 'Cashback has been a growing feature on first-time buyer mortgages since the end of 2014, with 40% of first-time buyers opting for a cashback mortgage in 2016. As part of our commitment to support first-time buyers, we believe that the addition of cashback, alongside our Help to Buy, shared equity and other first-time buyer mortgages offers brokers a really comprehensive choice for their customers'.

The Royal Bank of Scotland Group plc published this content on 03 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 03 August 2016 14:55:09 UTC.

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