Friday, March 4, 2011
FTBs of the world rejoice!
Connells has stolen a march on competitors by announcing a 95% mortgage, exclusively available through its branches and aimed at first-time buyers. The announcement comes hot on the heels of Northern Rock unveiling the launch of a 90% mortgage. The Connells mortgage is being made available through its parent company, Skipton Building Society. The two-year fix for the 95% loan is not cheap, however, at 6.49% â€“ more than 12 times current base rate. A new 90% two-year fixed deal is also offered, again exclusively through Connells, at 5.89%