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Kent Reliance offers new-build mortgages to 95%

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29/01/2014
Kent Reliance has launched a range of mortgages for new-build purchases with as little as a 5% deposit.

Kent Reliance has launched a range of products at 95% loan-to-value for new build purchases starting from 4.75% using a housebuilder mortgage indemnity guarantee.

The products include fixed and discounted rates.

John Eastgate, sales and marketing director for OneSavings Bank, the parent company of Kent Reliance, said:

“We are delighted to announce that from today Kent Reliance will be helping borrowers gain access to finance to buy a newly built home.”

Eastgate said the lender is using the mortgage guarantee scheme to allow it to help unlock the new build property market for people struggling to build up a deposit.

He added:

“It will also enable the builders involved to operate with confidence knowing there is finance available for buyers.”

 

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