Connells offers 95% new-build mortgage

The mortgage is one of the market’s only 95 per cent products for new-build houses and will mean that buyers only have to raise funds for a five per cent 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.

Matt Walters, branch manager at Connells in Kenilworth, said: “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.”.

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,” said Matt. “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.”

For further information on this 95 per cent new-build mortgage or to find out more about mortgage services and the housing market, contact your Connells office on 01926 857461 or visit the branch at 29 Warwick Road.