Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Kier Homes joins New Buy

Housebuilder Kier Homes has joined the New Buy mortgage guarantee scheme.

It will work initially with lender Halifax to provide mortgages of up to 95 per cent on all its developments in England.

Sales and marketing director David Thomas said: “New Buy now offers our buyers a welcome new avenue of finance.”

New Buy is a government initiative designed to resuscitate the housing market by helping buyers of new homes to overcome the gap between their price and what wary lenders are willing to advance.

Participating lenders will provide a 90 to 95 per cent loan-to-value mortgage, guaranteed by the government for qualifying buyers.

The Home Builders Federation has said that New Buy reservations reached 400 in the scheme’s first two months.

The other participating builders are: Barratt, Bellway, Bloor, Bovis, Cala, Crest Nicholson, Croudace, Fairview, Langan, Linden, Persimmon, Redrow and Taylor Wimpey.

New Buy is backed by five lenders:  Barclays, Halifax, Nationwide, NatWest and Santander.

 

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.

Related Jobs