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Fly the nest - 14 best first-time buyer mortgages

Fly the nest - 14 best first-time buyer mortgages

Category: Mortgages

Updated: 15/11/2012
First Published: 13/11/2012

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
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Often considered to be the life-blood of the mortgage market, first time buyers have suffered immensely from high rates, harsh lending criteria and a general lack of choice in the high LTV market.

Some fresh hope was offered to the millions hoping to take their first steps onto the property ladder this week with the news that the number of mortgages requiring a deposit of 10% or more has grown significantly over the past few months.

According to research by Moneyfacts.co.uk, there are 300 90% loan-to-value (LTV) products available, the highest level in six months.

Taking the plunge and buying your first home is one of the most important decisions you will make in life and searching the market for a suitable first time mortgage deal is just as important as finding the right home.

If you have a deposit of 10% or more, check out our top fourteen first time buyer deals to help you on your way:

Top 90% LTV fixed rate mortgages

Lender

Rate and term

Arrangement/booking fee

Incentives



Britannia/The Co-operative Bank

3.99%
to 31.12.2014

No arrangement fee

Free valuation



Chelsea Building Society

4.19%
to 30.11.14

£1,495

None



Market Harborough Building Society

4.20%
to 31/10/2014

£395

Refunded valuation fee. Refunded ASU for three months



Yorkshire Building Society

4.24%
to 31/12/2014

£995

None



Ipswich Building Society

4.25%
to 31/12/2014

£1,125

None



Hanley Economic Building Society

4.29%
to 30/11/2014

£900

Free valuation fees (maximum £240). £250 rebate.

Top 90% LTV variable rate mortgages

Lender

Rate and term

Arrangement/booking fee

Incentives



Loughborough Building Society

3.99%
Discounted Variable (collared at 2.00%) for 3 years

£499

None



Market Harborough Building Society

3.99%
Discounted Variable (collared at 3.50%)

£345

Refunded valuation fee. Refunded ASU for three months



Chelsea Building Society

4.14%
Variable (collared at 4.14%) to 30/11/2014

£1,495

None



Hanley Economic Building Society

4.19%
Discounted Variable (collared at 2.00%) for 3 years

£550

Free valuation (max £240)



Chorley & District Building Society

4.29%
Discounted Variable for 1 year

1% of mortgage advance

None



Nottingham Building Society

4.29%
Discounted Variable for 3 years

£299

Free valuation



Chelsea Building Society

4.34%
Variable (collared at 4.34%) to 30/11/2014

£1,495

None



Leeds Building Society

4.35%
Discounted Variable for 2 years

£999

None

What next?

Find the best mortgage rate - Compare best selling mortgages

Find the best low deposit mortgage for your first home.

Check out our guide our 'First Time Buyers Guide - How to buy a house'

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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