View more on these topics

NatWest Intermediary Solutions launches NewBuy and Help to Buy mortgages

NatWest Intermediary Solutions has started accepting NewBuy clients through intermediaries for the first time and has launched two products for the Government’s Help to Buy shared equity scheme.

NatWest has launched two specific products for the Government’s mortgage indemnity scheme NewBuy: a two-year fixed rate at 4.49 per cent and a five-year fixed rate at 4.79 per cent, both of which have no product fees. These two products are the same loans that are offered to direct customers.

The NewBuy products are only available to intermediaries on the selected panels of participating builders and developers.

Intermediary borrowers are also able to choose from two new Help to Buy shared equity products – a two-year fixed rate at 3.15 per cent and a five-year fixed rate at 3.59 per cent, both of which have no product fees.

Royal Bank of Scotland, NatWest’s parent lender, has never offered Help to Buy products before, either direct or through intermediaries.

NatWest head of sales Mark Bullard says: “Schemes that give first-time buyers a helping hand are very welcome and we are pleased that we will be participating in both the Help to Buy and NewBuy schemes. We have been an active supporter of previous shared equity schemes and have had products specifically designed for this sector.”

Your Mortgage Decisions director Dominik Lipnicki says: “The more players we have in the Help to Buy market the better. It proves there is more confidence in housing.”



Melton Mowbray opens up 95% LTV range to all homebuyers

Melton Mowbray Building Society has extended its 95 per cent LTV range to include all house purchasers. The products were previously only available to first-time buyers. Rates, which include a three-year fixed rate of 5.49 per cent, remain unchanged but the lending criteria has been loosened so that all purchasers, including shared ownership borrowers, will […]

F&C reports £1.5bn net outflow for Q1

F&C Asset Management suffered net outflows of £1.5bn in the opening three months of the year after stronger retail flows were offset by strategic partner withdrawals. The group’s interim management statement to 31 March shows £1.3bn was withdrawn from its strategic partners business. It adds that life company Achmea plans to withdraw £10.3bn from this […]

First-time buyer activity jumps 20% in March

The number of first-time buyers increased 20 per cent in March, according to data published today by the Council of Mortgage Lenders. A total of 19,100 loans, worth £2.4bn, were advanced to first-time buyers in March. This is up 20 per cent on the 15,900 loans in February but down 21.7 per cent on the […]


Towry posts £9m profit despite £6.8m cost hit

Towry has posted a £9.4m pre-tax profit for 2012 despite incurring £6.8m in exceptional costs during the year. The pre-tax profit rose 14 per cent from £8.3m in 2011. Exceptional costs increased 52 per cent from £4.5m in the previous 12 months. Towry’s annual accounts, published this week, reveal the exceptional costs include a Financial […]

Brexit Commentary from Natixis Global Asset Management

By David F Lafferty, CFA, SVP – Chief Market Strategist Thursday’s historic Leave vote in the UK will have both immediate and long-term consequences for the global economy and financial markets. The initial flight-to-quality reaction across asset classes has been exacerbated by the market’s misplaced confidence in a Remain victory leading up to the vote. Stock markets […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm