Crest Nicholson’s new mortgage scheme in Hampshire could save hundreds

Crest Nicholson has launched a new mortgage support scheme in Hampshire.

Known as ‘Rate Reducer,’ the scheme – which the housebuilder launched in collaboration with Own New – is designed to make it easier for buyers of all kinds to access lower rate mortgages.

Rate Reducer sees Crest Nicholson contribute between 3 per cent to 5 per cent of the purchase price of an eligible new build home, giving buyers access to a regular mortgage, but at a reduced rate for the initial period of fixed interest.

The scheme could lower a buyer’s mortgage rate by up to 3.19 per cent, saving them as much as £897 per month on their payments.

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Eileen Guihen, Sales and Marketing Director and Deputy Managing Director at Crest Nicholson South, said: “We are keen to do all we can to help people get on or move up the property ladder, as we help thousands of customers across Hampshire to realise their home ownership dreams.

“We’re excited to be able to help more people in the county access high quality, energy efficient new homes through our launch of this scheme.”

Eileen added: “We encourage anyone who is interested to get in touch with our friendly sales team for more information.”

Crest Nicholson has housing developments in both Centenary Quay and Bishop’s Waltham.