Connells and NatWest Offer 90% Mortgage
Ross Bowen, managing director of Connells mortgage group, said it was vital products for first-time buyers to stimulate the housing offer. The two-year mortgage has a fixed rate of 5.79 percent with no entry fee but a £ 999 completion fee. It has an early redemption charge of 3 percent to 30 April 2013 and is projected to a standard variable rate at the close of the period, which is currently 4 percent. It is fantastic to see a competing, higher LTV mortgages have become available at a time when it so badly.
The long-term health of the housing market depends on what we do now for the first time buyer market to revive. Lenders and intermediaries should do everything they can to help this group in-house with higher LTV products, like the one we are launching with NatWest. If one of our key business partners, we have worked closely with the management team to come up with a deal that the quality of business and standards of service Connells acknowledge isable to offer and that complements the existing product. The NatWest is available through one of the Connells Group mortgage consultants and subject to other conditions, which are available on request.