Persimmon, the homes developer has selected Mortgageforce to panel manage its mortgage products.
To mark the alliance, Mortgageforce is launching 10 new products funded by Woolwich, Royal Bank of Scotland and Abbey National, which include a 2.75% fixed for two years from Woolwich and a 2.5% discount for three years from Abbey National.
The range of exclusive deals will be offered to purchasers buying Persimmon homes.
Robert Clifford, managing director at Mortgageforce, said: ‘These specialist mortgage deals, provide an incentive for home buyers as they are able to get a deal which they cannot get in the high street and save between £2,000 – £4,000.’
Persimmon will promote the products through its regional branches and is expecting the new products to account for £250m of lending during the next three to six months.
Clifford added: ‘The broker gets more business and the purchaser gets more money. Lots of house buyers take a broker’s advice then find a mortgage on their own.’
Brokers need to register with Persimmon and Mortgageforce to take advantage of the products which offer procuration fees up to 0.5% and a minimum of 0.25%.