New home loan deals 'good opportunity for first-time buyers'

04-Sep-2009

New deals from mortgage providers could be a good opportunity for first-time buyers, it has been claimed.

Lenders have recently launched discount home loan products that could potentially appeal to those purchasing their first property, according to iammoving.com.

Jon Brown, partner relationship manager at the change of address online service, said deals such as the 1.99 per cent mortgage with 40 per cent deposit from HSBC, may not restore former consumer habits in the UK, but could be a boon for those getting onto the property ladder.

"This new grit in lender courage presents an excellent opportunity for the first-time buyer with a large enough deposit," he commented.

Mr Brown went on to add the cheaper offers are "tantalising", but said people may wish to see how the market plays out for a little longer to see if they could achieve better rates further down the line.

HSBC introduced its new home loans in recent weeks, with one for customers with at least 25 per cent of their deposit and an interest rate of 2.49 per cent.

FirstRungNow.com - how to buy a house, from finding your first flat or first house, first time buyer mortgages, shared ownership, buying with friends, gifted deposit, part buy part rent - all a first time buyer could possibly need.

Unemployment 'may affect house prices'First-time buyers 'may have difficulty getting onto the ladder'First-time buyers seeking parental help

2012: Feb | Jan

2011: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2010: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2009: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2008: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2007: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2006: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2005: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar