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Product focus: First time buyer mortgages

Product focus: First time buyer mortgages

Category: Mortgages

Updated: 23/06/2011
First Published: 23/06/2011

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 It is now over 6 months old so the content may be out of date.

Higher loan-to-value mortgages have been making a gradual return to the market over recent months, which is good news for first-time buyers who need to raise funds for a deposit.

Here is a selection of some of the current best first-time-buyer deals offered by familiar high-street lenders.

Halifax

  • This two year fixed deal offers a rate of 5.39% to 30.9.13.
  • The maximum loan-to-value is 90% and customers can borrow up to £2 million.
  • A fee of £1,240 is payable.
  • Customers looking for flexible features have the options to make overpayments, underpayments and take payment holidays.

HSBC

  • HSBC's two year fixed deal offers a rate of 5.39% to 31.7.13.
  • This deal has a maximum loan-to-value of 90%, a maximum borrowing amount of £400,000 and a fee of £999.
  • Remortgage customers will receive free legal fees.

Post Office

  • This product offers a rate of 5.39% to 31.8.13.
  • The maximum loan-to-value is 90% and customers can borrow up to £400,000.
  • A fee of £995 is payable and customers can make overpayments of up to 10% of the outstanding balance.

Find the best mortgage rate - Compare best selling 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 Any products featured may be withdrawn by their provider or changed at any time.

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