Financial incentives of up to 5% of the purchase price on new-build properties will now be granted through the scheme, in addition to standard builders’ incentives which are already accepted.
The incentive allowance will include the payment of Stamp Duty, legal fees or cashback, Natwest said.
Natwest recently raised the maximum limit accepted on builders’ incentives for new-build homes from 2% to 5%, covering non-financial incentives for properties bought using the Help to Buy equity loan scheme.
Applications already submitted that are yet to be completed will be eligible.
A spokesperson for Natwest Intermediary Solutions said: “With the Help to Buy shared equity scheme expected to continue to be a popular route for homebuyers to purchase their first new-build property, we are pleased to be able to offer the same allowable incentives limit to those people using the scheme.”
