The RBS Group was one of the first lenders to commit its support to the scheme which will be supported through both the Group’s intermediary and retail channels.
NatWest Intermediary Solutions will be developing a suite of specialist products for its core intermediary range to be used with the new scheme, much like it has with the current Help to Buy and NewBuy schemes. To be able to launch the new scheme, a programme of systems changes needs to be implemented which are expected to be completed before the end of the year.
Graham Felstead, head of intermediary mortgages, NatWest Intermediary Solutions, said: “We have consistently supported intermediaries wanting to use the Government’s shared equity schemes with their clients, helping thousands of first-time buyers to secure their first properties.
“I am delighted that we are going to be playing an active role in the new Help to Buy: mortgage guarantee scheme.
“With the original launch date having been pulled forward, we are working as quickly as we can to update our systems to accommodate the specific requirements of the scheme, which we expect to be completed by the end of the year.”
