New mortgage offer for first time buyers

21-Nov-2005

Aspiring homeowners can now take out a 100 per cent loan from Leeds Building Society, helping to ease the burden of deciding how to finance a property.

To find out more about creative mortgages designed specifically for first time buyers click here

Following a number of reports outlining the problems faced by first time buyers, the society has improved its range of 100 per cent mortgages and now offers cashback of one per cent of the loan amount.

To find out what you can borrow, even if you are in an adverse credit situation click here

The mortgage deal also comes with a free valuation up to the value of £335 plus no application or completion charges and offers a variable interest rate at 6.5 per cent.

"This is a really simple product, enhanced with a cashback, which will help some people - who really need it - buy their first home," explained Karen Wint, head of marketing & PR at the society.

"It is easy to understand, gives excellent flexibility and assists with some of the expenses of moving into a new home."

Aspiring homeowners who are in a position to make early repayments will not face any charges, excluding repayment of the cashback in the first three years, allowing better management of their finances.

Click here for further information on finding a deposit

Click here to see what properties are on the market in your area – whether you buy alone or with others

If you want to post your comments on today's news in the FirstRung Forum click here

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