Key Features:
100% 3 Year Fixed Rate
- 5.89% fixed until 1 September 2008
- 100% loan to value
- Free valuation up to £305
- No higher lending charge
- No completion fee
- Rate includes 0.24% discount for taking the Society's Homecover Insurance Product
Key Features:
100% 5 Year Fixed Rate
- 5.79% fixed until 1 September 2010
- 100% loan to value
- Free valuation up to £305
- No higher lending charge
- No completion fee
- Rate includes 0.24% discount for taking the Society's Homecover Insurance Product
Karen Wint, Head of Marketing & PR said, "These products are specifically designed to help first time buyers get onto the housing ladder. Customers do not need to find a deposit and both products are fixed, allowing customers to budget effectively, which is particularly important when buying a first home. Recent falls in interest rates make longer term fixes more attractive at the moment. The five year product gives first time buyers certainty of repayments for a long period with no up front fees and full portability when they move home.
We also offer shared ownership mortgage and, where income may be slightly sort, a guarantor mortgage. There are a number of options available to first time buyers and we believe these products will prove very popular."
These products are available through our branch network and intermediaries.
