NatWest withdraws HTB shared equity purchase products – Mortgage Strategy – English SiapTV.com

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NatWest has announced a recall of its Help to Buy (HTB) stock purchase products effective March 6.

For new customers, NatWest has withdrawn two-year flat rate products including 60% credit to value (LTV) at 4.73% with a £995 fee and £250 cashback.

Other 2-year reversals include 60% LTV at 4.99% no fees, 75% LTV at 5.09% no fees and 75% LTV at 4.78% with a £995 fee and £250 cashback.

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

60% LTV at a rate of 4.53% and no commission is also withdrawn along with 75% LTV at a rate of 4.63% without commission.

NatWest says there will be no change for existing customers.

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

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