Bovis Homes Launches New Mortgage With Barclays

9th Jun 2010 11:48

LONDON (Dow Jones)--Bovis Homes Group PLC (BVS.LN), company involved in designing, building and selling homes for both private and public sector, announced Wednesday the launching of a new innovative mortgage product in partnership with Barclays PLC (BARC.LN). MAIN FACTS: -To support its customers, Bovis Homes has agreed with mortgage provider, Woolwich, the mortgage arm of Barclays, to provide Bovis Homes customers with up to 90% Loan to Value mortgages. -This new mortgage product, named 'The Perfect 10', will be available to customers across all Bovis Homes developments; predominantly assisting first time buyer customers to secure a high Loan to Value mortgage at an affordable cost. -90% Loan to Value mortgages available for Bovis Homes customers from BarclaysTwo year fixed interest rate of 4.99% -Mortgage package including free unemployment protection and GBP500 towards buyer's legal fees -Not currently available elsewhere in the new build sector -Made possible by provision to Barclays of mortgage indemnity guarantee -Shares at 1047 GMT down 4.70 pence, or 1.37%, at 338.50 pence. -By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; [email protected] (END) Dow Jones Newswires June 09, 2010 06:48 ET (10:48 GMT)