Principality BS extends Help to Buy mortgages to England

New-House-Houses-Being-Built-700.pngPrincipality Building Society is extending its Help to Buy range of mortgages to cover buyers in England.

These mortgages will initially only be offered through intermediaries.

The new products will include a five-year fixed rate at 75 per cent LTV, and will come with a free standard mortgage valuation.

Principality already offers similar mortgages to support the Help to Buy Wales scheme.

The government backed Help to Buy scheme is available to first-time buyers and home movers purchasing a new build property.

Principality’s chief customer officer Julie-Ann Haines says: “We hope these products will help support a wide range of borrowers. We’ve responded to broker feedback by introducing Help to Buy England products to our range of intermediary mortgages.”

Legal & General Mortgage Club new build manager Craig Hall says: “Help to Buy has now assisted almost 160,000 completions to date in England. It great to see Principality extending its participation in the scheme, and offering further support to the new build sector.”



More than 150,000 properties bought using Help to Buy

A total of 158,883 properties have been purchased using the Help to Buy equity loan scheme, according to the latest figures from the Ministry of Housing, Communities and Local Government. The total value of these Government-backed loans was £8.27bn, and these were used to purchase new build properties worth a total of £39.28bn, according to […]

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