Connells announces new 95% new-build mortgage

19 October 2011

Connells is delighted to announce it has teamed up with Skipton Building Society to provide customers with a 95% new-build mortgage designed to help those who are struggling to save for a large deposit.

The mortgage is one of the markets only 95% products for new-build houses and will mean that buyers only have to raise funds for a 5% deposit. The mortgage is available through Connells mortgage consultants to first and next-time buyers, whether they are buying a new-build house through Connells or a house builder directly.

“We know how important it is to help buyers who are struggling to raise the necessary deposit to secure a mortgage and get on or move up the housing ladder, so we are delighted to be able to offer this mortgage. We believe this announcement will give hope to those first and next-time buyers who wish to purchase a new-build house but feel they do not have the financial ability to do so,” says Stuart Flavell, CEO of Connells.

Connells sells a range of new-build homes at a number of developments every year including many ideal for first and second-time buyers. “At Connells we saw a 44 per cent increase in the sale of new-build homes in the second quarter of this year when compared to the same period in 2010. We believe the availability of this mortgage for customers buying a new-build home will further boost sales and help to support house builders and this sector of the housing market,” says Stuart.

For further information on this 95% new-build mortgage or to find out more about Connells mortgage services and the housing market, contact your local Connells office.

-Ends-

Further information

For further information and photography, please contact the press office on 01525 215419 or email Julia Brook, Group PR Manager: Julia.brook@connells.co.uk or Christine Webb, Group PR Executive: Christine.webb@connells.co.uk


Notes to editors

Terms and conditions apply

Connells residential is an appointed representative of Connells Limited who is authorised and regulated by the Financial Services Authority for the advising and recommending of mortgages and non investment products. A broker fee may be payable.

About the Connells Group:

Founded in 1936 and comprising of 471 branches nationwide, the industry-leading Connells Group is the third largest UK estate agency network.

In addition to operating under the Connells brand, the Group trades under other well-known local names including Allen & Harris, Bagshaws Residential, Barnard Marcus, Brown & Merry, Fox & Sons, Jones & Chapman, Manners & Harrison, Roger Platt, Shipways, Swetenhams, William H Brown, Sharman Quinney and Pattison Lane.

As well as residential property sales and lettings, the Group has a comprehensive range of B2C and B2B services including new homes, mortgage services, conveyancing, EPCs, surveying, corporate lettings, asset management, land & planning, LPA receivers, auctions and relocations.

The Connells Group is consistently named Best Large Estate Agency at the Estate Agency of the Year awards, winning the top prize for five of the past six years. It is also highly acclaimed in the New Homes category, winning Gold five times in the last six years, and in the Financial Services category for which it currently holds the Gold prize. For more information, please visit www.connells.co.uk




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