NatWest Bank is launching a new 100% mortgage in Gibraltar.

It is one of a number of new features from NatWest designed to demonstrate its ongoing commitment to the mortgage market in Gibraltar and to highlight its determination to help more first time buyers onto the property ladder.
The new 100% mortgage is available to first and second time buyers and there are a choice of schemes. Applicants will need to show that they can afford to meet the monthly repayments but there will be no need to provide an upfront deposit.
Robert Mancera, Area Retail Manager , NatWest, commented: “As one of the most experienced mortgage lenders in Gibraltar, we are aware of the difficulty that first time buyers, in particular, find in raising the up front funds required to provide a deposit on their first home, especially in a market where property prices continue to rise. Equally as responsible lenders, we also want to ensure that potential homebuyers take on a financial commitment that they can afford and we help them in this regard also.”
NatWest is extending the term applicable to all its mortgage schemes from 30 to 35 years giving customers greater flexibility with repayments and introducing a new mortgage calculator facility which helps in determining how much a customer can afford to repay each month.