Stonebridge Group has announced members can access two new-build Legal & General product exclusives through its membership of the Nouveau Mortgage Club.
The network is also a member of the L&G New Build Club and can exclusively offer these new-build products available from Leeds Building Society and Precise Mortgages to clients.
Leeds’ new-build product is available in conjunction with the Government’s Help to Buy Equity Scheme in England, Wales and Scotland and offers:
- 0% fixed rate for first three months, then fixed at 2.7% up to 30th September 2016.
- Availability for customers to purchase 80% of property value; Leeds will lend 95% of the 80% share.
- No higher lending charge, no completion fee, £199 booking fee, free standard valuation and £200 cashback on completion.
Precise Mortgages is a new entrant to new-build lending and Stonebridge members will be able to access its range of New Build two-year fixed rate products. The products are available for home owner and buy-to-let purposes – other features include:
- Two-year fixes from 4.05% at 80% LTV; defaults, CCJs, mortgage arrears, unsecured loan arrears – all accepted.
- Extended fixed end date until 30th June 2016 with the standard three-month offer period extended to six months.
Richard Adams, managing director of Stonebridge Group, said: “New-build mortgages have been a significant focus for our business for some time which is why we are active members of L&G’s New Build Club and are focused on supporting our members who advise in this sector. We would go so far to say we are specialists ourselves in new-build and provide a range of support and resource in this area.
“As members of Nouveau we are now able to offer our members access to a range of exclusive products such as those offered through L&G by both the Leeds and Precise Mortgages. The Government’s Help to Buy Shared Equity scheme has certainly provided a much-needed boost to the new-build sector and it is particularly positive to see lenders offering products in this area, both within the Scheme parameters and beyond.
“News from many house builders suggests a greater degree of confidence now that finance is more readily available and because of this we believe the number of new-build completions is only likely to increase in the months ahead. We would suggest that any adviser seeking to be active in this area look at what Stonebridge has to offer in order to get the most out of the opportunities that exist here.”