Connells Group launches exclusive 90% mortgage with NatWest
10 March 2011
The Connells Group is continuing to help first-time buyers and home movers with lower deposits by launching a new and exclusive 90% LTV mortgage with NatWest Intermediary Solutions.
The news comes just days after Connells announced two other high LTV products, both of which are also only available through its national team of employed mortgage consultants.
This competitive NatWest product responds to a clear and pressing need for higher LTV mortgages as many buyers struggle to raise large deposits to buy a home. Connells has been selected exclusively because of its tightly controlled distribution model combined with its nationwide coverage, both of which mean it is best placed to offer this product to buyers and deliver top quality business to NatWest.
Key product features:
• Two-year fix to 90% LTV
• Interest rate: 5.79%
• Application fee: £0
• Completion fee: £999
• Early repayment charge: 3% until 30/04/13
• Overpayments of up to 10% per annum during the product term
• Revert to SVR currently 4%
“It is fantastic to see another competitive, higher LTV mortgage become available at a time when it is so greatly needed,” says Ross Bowen, Connells Group Mortgage Director. “Connells hold a pivotal position in the market, and remain fully committed to bringing forward initiatives to enable customers to buy their home.
“The long-term health of the housing market relies upon what we do now to revive the first-time buyer market,” Ross continues. “Lenders and intermediaries need to be doing all they can to help this group into home ownership with higher LTV products, like the one we are launching today with NatWest.”
Mark Bullard, Head of Sales, NatWest Intermediary Solutions said: "We are delighted to have delivered this new 90% LTV purchase mortgage for the Connells Group, designed for the first-time buyer market. As one of our key business partners, we have worked closely with the management team to come up with a deal that recognises the quality of business and standards of service Connells is able to offer and that complements its existing product portfolio."
This new NatWest product is available via any of the Connells Group mortgage consultants and is subject to other terms and conditions which are available on request.
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For further information and photography, please contact the press office on 01525 215419 or email Julia Brook, Group PR Manager: Julia.firstname.lastname@example.org or Christine Webb, Group PR Executive: Christine.email@example.com
Notes to editors
Terms and conditions apply
About the Connells Group:
Founded in 1936 and comprising of almost 500 branches nationwide, the industry-leading Connells Group is the second largest and most profitable 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 four 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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