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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% – more than 12 times current base rate.
A new 90% two-year fixed deal is also offered, again exclusively through Connells, at 5.89%.
Connells has almost 500 branches and is the UK’s second largest estate agency group after Countrywide.
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