Housebuilder Bellway has partnered with Own New to make mortgages extra inexpensive to individuals buying new houses in Merseyside.
A brand new mortgage product, Own New Rate Reducer, might see consumers of new-build Bellway houses profit from rates of interest from beneath 1.01 per cent.* There can also be the choice to access the product on a 95% mortgage too.
The product is now available on chosen new Bellway houses throughout Merseyside. It can even be available at developments constructed by Ashberry Homes, which is a part of the Bellway group.
Jenny Bell, Sales Director at Bellway North West, stated: “It’s an thrilling time for anybody trying to buy a Bellway home. Here at Bellway, one in all our key priorities is placing prospects on the coronary heart of what we do. We have a spread of incentives available to our prospects. Our partnership with Own New on the Rate Reducer product may have a optimistic impact on affordability for our prospects, giving them access to as some ways to buy as doable, making it simpler for extra individuals up and down the nation to maneuver.
“Regardless of deposit dimension, the optimistic advantages might be felt by householders every month as their month-to-month outgoings are lessened.
“Rate Reducer could be suitable for any type of buyer, whether looking for their first home or to move into a larger property. We would encourage anyone thinking about purchasing a new home in the Merseyside area to get in touch with us to find out more about the scheme and put you in touch with an independent mortgage broker to talk you through the possibilities.”
Own New Rate Reducer is funded by housebuilders. Under the scheme, Bellway can pay a 3 or 5 per cent subsidy direct to the lender, minus an association charge to Own New, which might be offset in opposition to the mortgage rate of interest to scale back funds for the primary two or 5 years.
The product might be available throughout the nation and is being launched with nationwide lenders Virgin Money and Halifax.
Eliot Darcy, Founder of Own New, stated: “Our ethos is to make home possession and mortgage lending on this nation open to extra individuals and we’re assured that the launch of the Own New Rate Reducer will obtain that.
“We consider that Rate Reducer might be a major increase to many individuals’s home-buying goals.
“This is just the product to stimulate the housing market and to give more people a helping hand and initial boost to get onto the property ladder or to secure that new home that will give them the extra space they need.”
Eliot arrange Own New having felt annoyed when within the course of of shopping for his first home. His purpose was to create a extra accessible system of mortgage lending for future new-build consumers.
Own New Rate Reducer is now available on chosen plots at St Wilfrid’s Place in Litherland, Plummers Meadow and Halewood Oaks in Halewood, Arrowe Brook Park in Wirral, Jellicoe Gardens in Moreton and Lydiate Gate in Lydiate.
The product can even be available on chosen plots at Ashberry at Jellicoe in Moreton.
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