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, Group Connells 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.
Have your say on this story using the comment section below