Fri 13 Jun 2008
Cala Homes fixes borrowing rates at 6%
Housebuilder Cala Homes is guaranteeing all buyers of its new fixed-rate mortgages of 5.99% in an attempt to boost consumer confidence in the residential property market.The Scottish housebuilder hopes that its newly introduced package will help overcome the housing downturn that has culminated in job losses within the company. It will also refund the arrangement fee upon completion.
Managing director Alan Downie (pictured) commented: “The lack of both buyers and of mortgage liquidity is hampering the housing market. This package enables us to offer a fantastic opportunity to purchase our new homes on preferential terms.”
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