Alliance & Leicester helps first-time buyers

23-Jun-2005

Alliance & Leicester (A&L) has won the Best First Time Buyer Lender award from Mortgage Magazine.

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The award reflects recent moves in the industry to offer new products and deals to help first time buyers get on the first rung of the property ladder.

The bank offers first-time buyers a range of mortgage products and Alliance & Leicester has welcomed the award.

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Stephen Leonard, director of mortgages at A&L, said: "Winning this award is fantastic news. First time buyers are the life blood of the housing market and this award reflects our ongoing commitment to helping them achieve that all-important first step onto the property ladder."

He added that the bank had worked hard to help first-time buyers by campaigning for them to be made exempt from paying stamp duty and has also launched a First Step mortgage to help cover the cost of stamp duty.

Commenting on the award Ben Wilkie, editor of Mortgage Magazine, said: "First time buyers are having a hard time at the moment, but Alliance & Leicester's product range, combined with knowledgeable and sympathetic staff make many buyers' dreams a reality.

"Our judges felt that the quality of Alliance and Leicester's mortgages placed it head and shoulders above the rest when it comes to helping first time buyers, and the bank's commitment to customer service cannot be faulted."

The bank was also highly commended for Best Online Lender and Best Bank by a panel of representatives from some of the country's key mortgage intermediaries.

Click here for our first time buyers guide to buying a property

Click here for further information on finding a deposit

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