With the demise of the Government Help to Buy Guarantee scheme just round the corner, Nat West has announced two new products that are clearly designed to keep its spirit alive.

Serving as evidence that there must be demand out there for such a deal, Nat West has launched two-year and five-year fixed-rate products for 95% loan to value mortgages.

The two-year rate is fixed at 3.69%, whilst the five-year is set at 4.59%.

The deals are open to UK residents who want to buy a property worth up to £600,000, excluding new-build properties.

They can be second home or buy-to-let properties and all the buyer has to do is find the five per cent deposit.

The Government scheme, which enabled first-time buyers to get a home with just a 5% deposit with the Government guaranteeing the other 95% – will be axed at the end of the year.

Incidentally, you will still be able to get a 20% government equity loan, for those buying new-build houses or a Help to Buy ISA in which for every pound you save, the government gives you an extra 25p, up to a maximum of £3,000 to help you save for a deposit.

The mortgage market is a complex one, with more and more products being added by lenders all the time. I have always offered a service which finds a lender from the whole of the market, so do get in touch if you need help navigating through the mortgage maze…