Available to those with only a 10% deposit, the first-time buyer exclusive 2 year fixed rate product at 5.99% has a number of great incentives, including:
- £500 cashback
- No product fee
- Free valuation report
- Free legal service
- Free buildings and contents insurance for the first 12 months
Tom Girling, mortgage product manager, said: "We've tried to balance the need to help first-time buyers with the need to lend responsibly and designed the new range to provide different ways to help those who are just starting out. We are now lending to people with smaller deposits and waiving many of the fees. This can save around £2,500 which can make such a difference to the amount a borrower can put down as a deposit."
This product is part of a range of products available for anyone wishing to borrow up to 90% of the value of their home. Other products for those with a 10% desposit include two-year fixes at 5.39% and 5.49% with fees of £995; and a 5.49% fix with a £250 cashback. Other fees may apply.
