29 Apr 2025
The Family-Backed Mortgage from NatWest
High street lender, NatWest, have launched a new product to help first-time buyers purchase a property with assistance from a family member or friend to get them on the property ladder sooner.
What is the NatWest Family-Backed Mortgage?
Similar to the ‘Mortgage Boost’ from Barclays and the ‘Income Booster’ from Skipton, this scheme allows the buyer to add a second person to the mortgage but without them actually owning the property. By adding a second person to the mortgage as a ‘non-owner’, the main applicant/owner can borrow more and remain the sole owner of the property.
Criteria
- Must have an income of at least £20,000 gross per annum for the main applicant/owner
- Standard residential mortgage policy rules apply to all applicants, including eligibility criteria of minimum 18 years to maximum 75 years of age
- Maximum of two applicants: the owner and non-owner
- Not available with mortgage schemes e.g. Right to Buy and Shared Ownership
- Only applicable for Residential Purchase Products
- The non-owning borrower must seek independent legal advice before completion
If you have any questions about this scheme and would like to see if you fit the criteria, or would like to discuss another product, please give our team a call on 01628 507477.
Recent posts
Homebuying reform to cut homebuying times by around four weeks, and save first-time buyers around £650, says the government.
Buying your first home is a huge milestone, but it can also be a complex process. There are several factors a first-time buyer should consider before making an offer on a property, including understanding the difference between leasehold and freehold and checking council tax bands.
We’ve detailed some questions you can ask your estate agent to help you make an informed decision.
Best UK Mortgage Rates this Week
3 days ago
Here are the lowest fixed mortgage rates of the week, available to first-time buyers, home movers, buy-to-let, and those remortgaging.
Call us for more information: 01628 507477 or email: team@mortgagerequired.com.
Signs it's time to remortgage
5 days ago
Remortgaging means switching to a new mortgage deal. This will either be with your current lender or a new one.
Getting advice and moving to a new deal when the time is right can mean lower monthly mortgage payments, better interest rates, or releasing equity from your property.
Here are some signs it may be time to remortgage.
According to Nationwide Building Society’s latest House Price Index, house prices dropped 0.6% month on month in May – the first monthly decline this year.
Most Affordable UK Spots for First-Time Buyers
19 May 2026
Research from Lloyds identifies the most affordable areas in the UK for first-time buyers to be able to get onto the property ladder.
On Wednesday, 13th May, King Charles delivered his speech at the House of Lords, outlining the government’s plans for the upcoming year.
Here is a summary of the housing and energy/environment points.
From 18th May 2026, Halifax (part of Lloyds Banking Group) is launching a ‘£5k Deposit mortgage’ to help first-time buyers get onto the property ladder sooner.
More information
Trusted by
