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Product focus: First-time buyer mortgages

Product focus: First-time buyer mortgages

Category: Mortgages

Updated: 22/11/2011
First Published: 22/11/2011

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 It is now over 6 months old so the content may be out of date.

The Government's recent announcement to create a new build security scheme will help first time buyers get a step on the property ladder. This will be welcomed by aspiring property owners and in light of this here is some of the best high loan to value products on the market for first-time buyers:

First-time buyers

Melton Mowbray Building Society

  • This deal offers first-time buyers a fixed rate of 5.09% to 30 November 2014.
  • The maximum loan-to-value is 95% and a fee of £598 is payable.
  • There is an option to choose a combination of mortgage types and customers can borrow from £25,000.

Saffron Building Society

  • This product offers 5.49% fixed for five years.
  • The maximum loan-to-value is 95% and a fee of £999 is payable.
  • Customers must provide at least a twelve month history of renting via a recognised letting agent.

Skipton Building Society

  • This high loan to value deal from Skipton Building Society offers first-time buyers a fixed rate of 5.99% to 31 January 2014.
  • The maximum loan-to-value is 95% and a fee of £195 is payable.
  • There is also an option to choose a combination of mortgage types.

Find the best mortgage for your first home - Compare first time buyer mortgages

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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