door Luc » wo apr 28, 2004 9:14 pm
RELEASE IMMEDIATE
April 27, 2004
'A CAR ON THE HOUSE' WITH WEST BROMWICH
BUILDING SOCIETY AND MG ROVER GROUP'
The latest mortgage offer from the West Bromwich Building Society and
MG Rover beats the lot - a 'Rover 25' when you take out a 'Brum Brum'
mortgage with the Society. The offer is open to first time buyers and
borrowers who re-mortgage to the West Brom - which is great news for anyone
who wants a shiny new Rover 25 with their mortgage.
On top of a new car, the 'Brum Brum Mortgage' also comes with:
* Free loan protection insurance for 6 months
* No higher lending charge up to 90% LTV
* Refund of valuation (max. £350)
* Standard variable rate paid (currently 5.99%)
The new Rover car
* Model – new Rover 25 (3 door 1.1i) hatchback
* Technically advanced and lightweight K Series engine
* 3 years extended warranty (or 60,000 miles -which ever comes first)
* The 25 is Rover’s 25 best-selling model
This limited offer is available for mortgages taken out directly with the
Society throughout the branch network, telephone or internet. Once a
mortgage is completed, the customer is contacted by MG Rover Group to
arrange colour, specification and delivery.
The only cost to the customer is insurance, road fund licence, a first
registration fee, with the option to upgrade to a higher specification
Rover car if required. A redemption charge will apply to compensate the
Society for early repayment of the mortgage.
Stephen Karle Group Services Director and Group Secretary, West Bromwich
Building Society, said; "Through the combined forces of the West Brom
Building Society and MG Rover Group, we are able to provide West Midlands
homebuyers with the deal of a lifetime.
"For first time buyers it means they can now own both a new home and new
car - something prior to this offer, many could only dream about. It's
also a great boost for MG Rover Group, the Midlands top car manufacturer
supporting local industry and jobs."
Paul Stroud, UK Commercial Director, MG Rover Group, said: "This offer
represents a unique value proposition for individuals, or couples, wanting
a new house with ALL the trimmings – a new Rover car! The concept to
incorporate a new Rover car within a mortgage, is a class-leading product
incentive and an industry first, that will be wholly supported by MG Rover
Group.â€Â