Cheaper in­ter­est for scheme buy­ers

Yorkshire Post - Property - - PROPERTY -

THOSE who want to take ad­van­tage of the gov­ern­ment’s NewBuy scheme should ben­e­fit from lower in­ter­est rates on 95 per cent mort­gages.

Lisa Burns-Kent, new homes op­er­a­tion man­ager at Mort­gage Ad­vice Bureau, says: “Sev­eral lenders have just re­duced their in­ter­est rates on 95 per cent mort­gages through NewBuy.”

Redrow say a typ­i­cal re­duc­tion of 0.3 per cent in NewBuy in­ter­est rates should save cus­tomers £28.87 a month on their re­pay­ments.

Redrow developments where NewBuy is avail­able in­clude Bran­well Park, Guise­ley; Wheat­ley Chase, Hal­i­fax; Schol­ars Gate, Wake­field; Saxon Court, Sher­burn in El­met; and Oak­lands, Eas­ing­wold.

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