Cheltenham & Gloucester has launched a new mortgage that should have first time buyers licking their lips.
The five year fixed rate mortgage at 5.79% is one of the lowest available in this sector.
Available up to a maximum of 90% loan-to-value, it sports a very reasonable £994 fee as well as the added advantage of a flexible option.
A maximum advance of £1 million is also unusually high for a first time buyer specific mortgage, which will appeal to those customers wanting to take out a larger loan.
Four out of five Moneyfacts stars have been awarded.
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