Help to Buy products announced by Halifax and NatWest

Halifax and NatWest are the first lenders to announce details of new mortgage products under the Help to Buy scheme.

NatWest, part of the RBS group, has two options for borrowers; a two-year fixed rate of 4.99 per cent and a five-year fixed rate of 5.49 per cent, both fee free.

From this week potential homebuyers can apply at the group’s 2,000 branches or by phone call with the brand saying opening hours will be extended to meet demand.

While the NatWest deals are not available through brokers yet, they are intended to be by the end of the year.

Meanwhile, Halifax has introduced a deal at a maximum loan to value of 95 per cent, including a two year fixed rate at 5.19 per cent with a £995 fee.

Customers will be able to apply for the mortgages in-branch and through intermediaries from this Friday (October 11^th).