New Scheme from Lovell's makes First-Time Buyers' Dreams come True

Lovell, which has an impressive development of houses and apartments in Nuneaton, has launched a brand new initiative designed to help buyers who do not have enough deposit saved to get the best mortgage details. ‘Match and Move’ is a 10-year interest free loan that makes mortgages more affordable.

Now it is hoped that buyers at the Renaissance development in Nuneaton will be able to make a purchase instead of continuing to save for their deposit or trying to increase the size of the deposit to access the best mortgage deals. Under Match and Move, Lovell loans buyers up to 10% to match their deposit – and this loan is interest-free for up to 10 years.

For example, if a purchaser wanted to buy a £150,000 Lovell home and had a £7,500 deposit, Lovell would match that with another £7,500 as an interest-free loan. So the buyer would only need to find a mortgage for £135,000 – and with a larger deposit, they’d open up a whole range of better, lower-rate mortgages.

Lorraine Kendrick, Regional Sales Manager for Lovell, comments: “We’re always looking for ways to help people who really want to buy one of our homes, and this new initiative is in direct response to the needs of our buyers and potential buyers. Buyers save hard for their deposit these days – they have to – so it’s a real boost to them if we can give them the same amount again. With ten years to repay the loan and no interest to pay, it gives buyers plenty of time. I’m looking forward to seeing this scheme making a first new home possible for many people in Nuneaton.”

Visitors are very welcome to view the houses at the Renaissance development, which is on Hornbeam Road. The Marketing Suite is open from 10am to 5pm each day, excluding Tuesday and Wednesday. Call 02476 396672 for more information.